At December 31, 2024, Blossom Company had 800000 shares of common stock outstanding. On October...
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At December 31, 2024, Blossom Company had 800000 shares of common stock outstanding. On October 1, 2025, an additional 155000 shares of common stock were issued. In addition, Blossom had $10600000 of 5% convertible bonds outstanding at December 31,2024 , which are convertible into 355000 shares of common stock. No bonds were converted into common stock in 2025 . The net income for the year ended December 31, 2025, was $2494000. Assuming an income tax rate of 30%, diluted earnings per share for the year ended December 31, 2025 is $2.09. $3.42. $2.40. $2.53
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At December 31, 2024, Blossom Company had 800000 shares of common stock outstanding. On October 1, 2025, an additional 155000 shares of common stock were issued. In addition, Blossom had $10600000 of 5% convertible bonds outstanding at December 31,2024 , which are convertible into 355000 shares of common stock. No bonds were converted into common stock in 2025 . The net income for the year ended December 31, 2025, was $2494000. Assuming an income tax rate of 30%, diluted earnings per share for the year ended December 31, 2025 is $2.09. $3.42. $2.40. $2.53 