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. Earnings Per Share (EPS) Class: On December 31,2022, Cool Cooly had...

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Accounting

. Earnings Per Share (EPS)
Class: On December 31,2022, Cool Cooly had net income of $1,500,000. During the year Common Stock were outstanding as follows: (Jan 1, Beginning 500,000, Issued on April 1st 300,000 and on October 1st issued 200,000).10% $2,000,000 bonds were outstanding. The bonds had a denomination of $1,000 each convertible into 10 shares of common stock. No bonds were converted. Of the 130,000 share of Preferred Stock outstanding on Jan 1st,50% were converted on April 1st. Preferred Stock received dividends of .10 each on Dec. 31st. The Income tax rate is 30%. Find the following for Cool Cooly:-
i. The weighted-average number of shares used to calculate BEPS ii. The control number iii. Earnings per share (BEPS)
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