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On January 2, 2025, Carla Vista Co. issued at par $2040000 of 6% convertible bonds....

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Accounting

image On January 2, 2025, Carla Vista Co. issued at par $2040000 of 6% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2025. Carla Vista had 194000 shares of common stock outstanding during 2025. Carla Vista's 2025 net income was $906000 and its income tax rate was 30\%. Carla Vista's diluted earnings per share for 2025 was $4.80. $4.67. $5.04. $4.63

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