Question 1(6 points) Stainless Corporation had net income of $7,800,000 in 2010. The...
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Question points Stainless Corporation had net income of $ in The company had shares of $ par value common stock and shares of $ par, convertible preferred stock outstanding throughout the year. Each share of preferred stock is convertible into two shares of common stock. Compute the following for : tablea The number of shares to be used in computing basic earnings per shareb The number of shares to be used in computing diluted EPSc Basic earnings per share 
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Stainless Corporation had net income of $ in The company had shares of $ par value common stock and shares of $ par, convertible preferred stock outstanding throughout the year. Each share of preferred stock is convertible into two shares of common stock. Compute the following for :
tablea The number of shares to be used in computing basic earnings per shareb The number of shares to be used in computing diluted EPSc Basic earnings per share
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