Sweet Corporation had 2020 net income of $1,216,000. During 2020, Sweet paid a dividend of $2 per share on 147,650 shares of preferred stock. During 2020, Sweet had outstanding 297,000 shares of common stock. What was Sweet Corporation earnings per share for 2020?
Read DetailsBinder Corporation issued at a premium of $50 a $1,000 bond convertible into 200 shares of common stock (par value $3). At the time of the conversion the unamortized premium is $40, the market value of the bond is $1,200, and the stock is quoted on the market at $6. If the bond is converted into common, what is the amount of the gain or loss to be recorded on redemption of the bonds payable?
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