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What is the number of shares to be used

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Question - King in c has 4200000 shares of common stock outstanding on Dec 31,20x2. An additional 800000 shares of common shares were issued on Apr 1, 20x3, and 400000 more on July 1, 20x3. On oct 1,20x3, King issued 20000, $1000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 20x3. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share?

Reference no: EM132966763

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