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  3. 1 question 5 parts thanks q3. information fro

1 question 5 parts thanks Q3. Information from the financial...

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Accounting

1 question 5 parts thanks
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Q3. Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common shares outstanding throughout the year Convertible preferred shares (convertible into 25 million shares of common) Convertible 10% bonds (convertible into 15.0 million shares of common) 100 million 75 million $1,900 million Henderson-Niles' net income for the year ended December 31, 2016, is $820 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2016. Required: Compute basic earnings per share for the year ended December 31, 2016. The incremental effect of the conversion of the preferred stock is: The incremental effect of the conversion of the bonds is: Are convertible preferred stock or convertible bonds dilutive or antidilutive? Order of Entry: Compute diluted earnings per share for the year ended December 31, 2016

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