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Find what amount reported as diluted earnings per share

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Reference no: EM132544856

On July 1, 2019 Jump Company issued 20,000,000 7% convertible bonds at face amount. Each 1,000 bond is convertible into one ordinary share. No bonds were converted during the year.

  • The entity had 200,000, 100 par value ordinary shares outstanding during the year.
  • The net income for the year was 6,000,000 and the income tax rate was 30%.

Question 1: What amount should be reported as diluted earnings per share?

Option a. 30.90

Option b. 30.00

Option c. 29.50

Option d. 31.73

Reference no: EM132544856

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