During 2010, Pesty Co

question 44

Multiple Choice

During 2010, Pesty Co.had net income of $200, 000 including after-tax interest expense of $30, 000 on convertible bonds.The $300, 000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1, 000 bond.Prior to the conversion, there were 400, 000 shares of common stock outstanding.The fully diluted earnings per share is

• A)$0.50
• B)$0.469
• C)$0.408
• D)not determinable because the bonds are not dilutive

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Definitions:

Schizotypal Personality Disorder

A mental health condition where individuals experience acute discomfort in close relationships, distorted thinking, and eccentric behavior.

Social Isolation

The condition of being separated from others, leading to a lack of companionship and communication, often impacting mental health.

Borderline Personality Disorder

A mental health disorder showing a persistent pattern of varying moods, self-image, and behavior, often resulting in impulsive actions and problems in relationships.

Self-Mutilation

Intentional injury to one's own body tissues without the intent of suicide, often as a coping mechanism for emotional distress.