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  3. in 2019. vaughn enterprises issued, at par, 60$1,0

In 2019. Vaughn Enterprises issued, at par, 60$1,000,8% bonds, each convertible into 100 shares of...

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Accounting

In 2019. Vaughn Enterprises issued, at par, 60$1,000,8% bonds, each convertible into 100 shares of common stock Vaughn had
revenues of $18,700 and expenses other than interest and taxes of $8,300 for 2020.(Assume that the tax rate is 20%.) Throughout
2020,2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.(Round answer to 2 decimal places, eg $255.
Earnings per shar
$
(b) Assume the same facts as those assumed for part (a). of spt that the 60 bonds were issued on September1,2020(rather than in
, and none have been converted or redeemed. Compute diluted earnings per share for 2020.(Round answer to 2 decimal places,
e.g. $255.
Earnings per share $
(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1,2020. Compute
diluted earnings per share for 2020.(Round answer to 2 decimal places, eg. $2.55.)
Earnings per share $
A=1.04
C doesnt equal 1.01
B does not equal .72 or 2.88 or 1.44
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