Information from the financial statemets of Henderson-Niles Industries included the following at December 31, 2021:12Comnon shares outstanding throughout the yearConvertible preferred shares (convertible into 32 million shares of common)Convertible 8% bonds (convertible into 13.5 million shares of common)100 million60 million$900 millionHenderson-Niles's net income for the year ended December 31, 2021, is $520 million. The income tax rate is 25%. Henderson-Nilespaid dividends of $2 per share on its preferred stock during 2021.01:54:48Required:Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e.,10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.)NumeratorDenominatorEarnings per shareBasicDilutedI ||| |

Name: Information from the financial statemets of Henderson-Niles Industrie
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Description: Information from the financial statemets of Henderson-Niles Industries included the following at December 31, 2021:12Comnon shares outstanding throughout the yearConvertible preferred shares (convertible into 32 million shares of common)Convertible

Earnings per share are the earnings a common shareholder earn from the companies working of the…

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Compute basic and diluted earnings per share for the year ended December 31, 2021. (

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 25E

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