Business
Business, 03.12.2021 20:10, sciencefanfae7248

At December 31, 2020, Tatum Company had 2000000 shares of common stock outstanding. On January 1, 2021, Tatum issued 500000 shares of preferred stock which were convertible into 1000000 shares of common stock. During 2021, Tatum declared and paid $1200000 cash dividends on the common stock and $400000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $5000000. Assuming an income tax rate of 30%, what should be diluted earnings per share for the year ended December 31, 2021

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At December 31, 2020, Tatum Company had 2000000 shares of common stock outstanding. On January 1, 20...

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