During 2015, Pierre Corp. had the following two classes of stock issued and outstanding for...
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During 2015, Pierre Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of common stock, $1 par. 1,000 shares of 4% preferred stock, $100 par, conevertible share for share into common stock Pierre's 2015 net income was $900,000 and its income tax rate for the year was 30%. In the computation of diluted earnings per share, the amount to be used in the numerator is what
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