Why is this wrong? Information from the financial statements of Park-Rao Industries included the...
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Why is this wrong? Information from the financial statements of ParkRao Industries included the following at December : Convertible preferred shares convertible into million shares of common million Convertible bonds convertible into million shares of common$ million ParkRao's net income for the year ended December is $ million. The income tax rate is ParkRaos paid dividends of $ per share on its preferred stock during 
Why is this wrong?
Information from the financial statements of ParkRao Industries included the following at December :
Convertible preferred shares convertible into million shares of common million
Convertible bonds convertible into million shares of common$ million
ParkRao's net income for the year ended December is $ million. The income tax rate is ParkRaos paid dividends of
$ per share on its preferred stock during
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