Almas Company SAOG has 500,000 convertible debts of 8% convertible to 5,000 common shares. Then...
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Accounting
Almas Company SAOG has 500,000 convertible debts of 8% convertible to 5,000 common shares. Then net income for the year ended 31 December, 2019 is OMR 125,000. The common stock outstanding is 50,000. The basic EPS is OMR 2.50 .The corporations income tax rate is 25%. The diluted EPS is:
a.
OMR 2.50
b.
OMR 2.20
c.
OMR 3.00
d.
OMR 3.20
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