Advanced Placement (AP), 23.04.2020 05:17 treyvoniskewl
On January 2, 2019, Perez Co. issued at par €10,000 of 6% bonds convertible in total into 1,000 ordinary shares of Perez's. No bonds were converted during 2019. Throughout 2019, Perez had 1,000 ordinary shares outstanding.
Perez's 2019 net income was €3,000, and its income tax rate is 30%. No potentially dilutive securities other than the convertible bonds were outstanding during 2019.
Perez's diluted earnings per share for 2019 would be (rounded to the nearest cent)
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On January 2, 2019, Perez Co. issued at par €10,000 of 6% bonds convertible in total into 1,000 ordi...
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