Assume the parent owns 90% of the subsidiary and has an adjusted internally generated net income of $100,000 and 5,000 shares of common stock outstanding
Also assume the parent has dilutive bonds outstanding that are convertible into 2,000 shares of common stock and the interest paid on these bonds was $4,000 . What is the consolidated diluted earnings per share (DEPS) if the subsidiary data include: 3,000 shares of common stock, 150 shares of convertible bonds that are held by parent, 5 shares of common stock that are from convertible bonds outstanding by subsidiary and subsidiary diluted earnings per share of $ 6.88.
a. $ 20.80
b. $ 25.48
c. $ 18.25
d. $ 14.86
c
You might also like to view...
The right of judicial review gives the ________
A) U.S. Supreme Court the ultimate power to check the excesses of either the legislative or the executive branch B) state courts the ultimate power to check the excesses of the judicial branch C) state courts the ultimate power to check the excesses of the executive branch D) U.S. Supreme Court the ultimate power to check the excesses of the administrative agencies
Design develops the results of analysis into a(n) ________ model for building the system
A) conceptual B) abstract C) concrete D) physical