Question 15 of 20 0.150.6 Current Attempt in Progress Your answer is partially correct....
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Question of Current Attempt in Progress Your answer is partially correct. On June Kingbird Company and Oriole Company merged to form Waterway Inc. A total of shares were issued to complete the merger. The new corporation reports on a calendaryear basis. On April the company issued an additional shares of stock for cash. All shares were outstanding on December Waterway Inc. also issued $ of year, convertible bonds at par on July Each $ bond converts to shares of common at any interest date. None of the bonds have been converted to date. Waterway Inc. is preparing its annual report for the fiscal year ending December The annual report will show earnings per share figures based upon a reported aftertax net income of $The tax rate is Determine the following for a The number of shares to be used for calculating: Round answers to decimal places, e Basic earnings per share shares Diluted earnings per share shares b The earnings figures to be used for calculating: Round answers to decimal places, eg Basic earnings per share $ Diluted earnings per share $ 
Question of
Current Attempt in Progress
Your answer is partially correct.
On June Kingbird Company and Oriole Company merged to form Waterway Inc. A total of shares were issued to complete the merger. The new corporation reports on a calendaryear basis.
On April the company issued an additional shares of stock for cash. All shares were outstanding on December
Waterway Inc. also issued $ of year, convertible bonds at par on July Each $ bond converts to shares of common at any interest date. None of the bonds have been converted to date.
Waterway Inc. is preparing its annual report for the fiscal year ending December The annual report will show earnings per share figures based upon a reported aftertax net income of $The tax rate is
Determine the following for
a The number of shares to be used for calculating: Round answers to decimal places, e
Basic earnings per share
shares
Diluted earnings per share shares
b The earnings figures to be used for calculating: Round answers to decimal places, eg
Basic earnings per share
$
Diluted earnings per share
$
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