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Business, 22.09.2019 22:30 estherklein15ov3vx9
Identify at least one cost and one benefit of both the trustee and delegate models.
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On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share
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Identify at least one cost and one benefit of both the trustee and delegate models....
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