On December 31,2022, Rhinestone Inc. had 1,000,000 common shares outstanding. The following relates to 2023:...
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Accounting
On December Rhinestone Inc. had common shares outstanding. The following relates to :
On January Rhinestone issued convertible preferred shares with a stated noncumulative dividend of $ per share. Each preferred share is convertible into common shares.
Rhinestone paid cash dividends of $ to the preferred shares and $ to the common shares.
Net income for the year was $
Assuming an income tax rate of what is Rhinestone's diluted earnings per share?
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