A Company Reports Basic Earnings Per Share of $5

question 112

Multiple Choice

A company reports basic earnings per share of $5.00 per share.The company has convertible preferred stock that can be converted into common stock.What will fully diluted earnings per share equal?

• A)$5.00 per share
• B)more than $5.00 per share
• C)less than $5.00 per share
• D)There is not enough information.

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