Solved: Yoste corporation had 120000 shares of common stock and, Accounting Basics

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Yoste corporation had 120000 shares of common stock and

Question - Yoste Corporation had 120,000 shares of common stock and 12,000 shares of 6%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $420,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 35%. Each share of preferred stock is convertible into five shares of common

1. What is Yoste's basic EPS?

2. What is Yoste diluted EPS (rounded)?

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Accounting Basics: Yoste corporation had 120000 shares of common stock and

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Accounting Basics: Yoste corporation had 120000 shares of common stock and

Reference No:- TGS02852312

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