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Current Attempt in Progress Cullumber Co. had 201000 shares of common stock, 21000 shares...

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Accounting

Current Attempt in Progress
Cullumber Co. had 201000 shares of common stock, 21000 shares of convertible preferred stock, and $607000 of 9% convertible bonds outstanding during 2025. The preferred stock is convertible into 40000 shares of common stock. During 2025, Cullumber paid dividends of $0.54 per share on the common stock and $1.80 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. Cullumber's net income for 2025 was $359000 and its income tax rate was 35%.
Diluted earnings per share for 2025 is
$1.54.
$1.47.
$1.34.
$1.40.
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