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in Earning per shares Bond payable - 12%, convertible par value $600000 net of discount = $576000 ----- Each $1000 bond is convertible into 100...
= $576000
-----> Each $1000 bond is convertible into 100 common shares. Interest expense on the bonds for the year was 26400
------>The income tax rate is 40%
-----> All items have been outstanding for the entire year except for the convertible bonds that were issued July 1 of the current year
----The converstion rate on the preferred shares is one preferred to one common share. These preferred shares were issued last year.
What is convertible bonds' income, shares and EPS?