Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the current year, tseng corporation had 3.4

During the current year, Tseng Corporation had 3.45 million shares of common stock outstanding $5,075,000...

90.2K

Verified Solution

Question

Accounting

During the current year, Tseng Corporation had 3.45 million shares of common stock outstanding $5,075,000 of 7% convertible bonds were issued at face amount at the beginning of the year. Tseng reported income before tax of $4.60 million and net income of $3.45 million for the year. The bonds are convertible into 640,000 shares of common. What is diluted EPS (rounded)?
Multiple Choice
$0.91
$0.93
$1.03
$1.08
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A regenerative gas-turbine power plant with two stages of compression and two stages of expansion operates...

Mechanical Engineering
Q

3. What is the just-in-time (JIT) manufacturing? How to achieve it? How does it impact facilities...

Mechanical Engineering
Q

What is Russell L. Ackoff trying to say in the two statements below? 1.)"improving the performance of...

General Management
Q

how do you do the T accounts sheet

Accounting
Q

Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced...

Accounting
Q

Researchers randomly divide participants into groups. Each group takes a different amount of omega-3fatty acid...

Biology
Q

26 Ifa capacitor of 8 F is connected to a 220 V 100 Hz ac...

Physics
Q

The standard costs and actual costs for factory overhead for the manufacture of 2,600 units...

Accounting
Q

Arborista, Inc. plants trees and shrubs for homeowners. The trees are purchased from and...

Accounting
Q

On January 1, 2018, JJ Corporation signed a six-year noncancelable lease for equipment. The terms...

Accounting
Q

This case continues following the new project of the WePPROMOTE Company, that you and your...

Finance
Q

[The following information applies to the questions displayed below.] Chuck Wagon Grills, Incorporated, makes a...

Accounting