The Following Information Has Been Provided to You by the Smith

question 105

Multiple Choice

The following information has been provided to you by the Smith Corporation for the year ending December 31,2015:
• The numerator used in the calculation of basic earnings per share was $797,000.
• Cash dividends were paid to the common shareholders.
• 8% convertible bonds with a par value of $1,000,000 were issued on July 1,2015.
• The corporation's marginal income tax rate is 40%.
• 6% convertible preferred stock with a par value of $800,000 were outstanding during the entire year.
Assuming that both the bonds and preferred stock are dilutive,what is the numerator that should be used in the calculation of diluted earnings per share?

• A)$893,000
• B)$869,000
• C)$773,000
• D)$821,000

Understanding the basics of prejudice development through conditioning and social learning.

Understand the impact of attitudes on judgments and behaviors towards others and events.

Grasp the concept of emotional intelligence and its importance in managing behaviors and relationships.

Recognize learned tendencies to respond positively or negatively to various stimuli as attitudes.

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Definitions:

Top-Down Algorithm Development

A programming approach that begins with defining the high-level functions and then progressively breaking them down into smaller and more detailed steps.

Byte

A unit of digital information in computing and telecommunications, typically consisting of eight bits.

Bits

The smallest unit of data in computing, representing a binary value of either 0 or 1.