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Find what is the number of shares to be used in calculating

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Question 1: At December 31, 2019, Columbus Inc. had 3,000,000 common shares outstanding. An additional 500,000 common shares were issued on April 1, 2020, and 250,000 more on July 1, 2020. On October 1, 2020, Marion issued 12,500, $1,000 par value, 8% convertible bonds. Each bond is convertible into 20 common shares. No bonds were converted in 2020. What is the number of shares to be used in calculating 2020 basic earnings per share and diluted earnings per share, respectively?

Reference no: EM132579988

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