rockland corporation earned net income of 346500, Financial Accounting

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rockland corporation earned net income of 346500

Rockland Corporation earned net income of $346,500 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $924,000 of 10% bonds, which are convertible into 18,480 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2012 diluted earnings per share.

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Financial Accounting: rockland corporation earned net income of 346500

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