Brick Co. has 170,000 shares of common stock outstanding at January 1, year5. On May...
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Accounting
Brick Co. has 170,000 shares of common stock outstanding at January 1, year5. On May 1, 2018, year 5 issued 30,000 additional shares of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock. Each share of the convertible preferred stock, which was dilutive in year 5, is convertible into one share of Bricks common stock. What is the number of shares that Brick should use to calculate year 5 diluted earnings per share? Multiple Choice
212,000
182,000
170,000
202,000
170,000 4/12
30,000 8/12
200,000
WACs =190,0000 <<< how did we get this number?
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