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Mathematics, 03.05.2021 16:10 mfar4087

Adams produce reported 400,000 net income for the year with 100,000 common shares outstanding all year. Adams also had 60,000 shares of 100 8% convertible preferred shares outstanding all year. Each preferred share is convertible into 10 shares of common stock. Determine the numerator for both basic and diluted EPS

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