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Business, 28.04.2021 17:30 mrus

At December 31, 2021, the financial statements of Hollingsworth Industries included the following: Net income for 2021 $ 630 million Bonds payable, 8%, convertible into 51 million shares of common stock $ 200 million Common stock: Shares outstanding on January 1 300 million Treasury shares purchased for cash on September 1 30 million Additional data: The bonds payable were issued at par in 2019. The tax rate for 2021 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021.

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At December 31, 2021, the financial statements of Hollingsworth Industries included the following: N...
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