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Information concerning the capital structure of Piper Corporation is as follows:December 31,2011 2010Common stock 150,000 shares 150,000 sharesConvertible preferred stock 15,000 shares 15,000 shares9% convertible bonds $2,400,000 $2,400,000During 2011, Piper paid dividends of $1.20 per share on its common stock and $3.00 per share on its preferred stock. The preferred stock is convertible into 30,000 shares of common stock. The 9% convertible bonds are convertible into 75,000 shares of common stock. The net income for the year ended December 31, 2011, was $600,000. Assume that the income tax rate was 30%.REQUIRED:1. What should be the basic earnings per share for the year ended December 31, 2011, rounded to the nearest penny?2. What should be the diluted earnings per share for the year ended December 31, 2011, rounded to the nearest penny?
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History of trust The following general information should be kept with the trust documents: Summary of will or trust deed; Short history of the trust; Trustees’ nam
The following information for the six months ended 31 December 2009 relates to the business of Mr N Morris: a) Opening cash (including bank) balance Rs 1,200 b) Productio
How does ordinary shares and preference shares included in the account
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