Use the table for the question(s)below.

-Refer to the income statement above.Luther has convertible bonds outstanding that would allow bondholders to convert their bonds into 700,000 shares of Luther stock.For the year ending December 31,2015 Luther's diluted earnings per share are closest to:
A)$0.95
B)$1.01
C)$1.04
D)$1.53
E)$3.92

Question

Use the table for the question(s)below.
 
-Refer to the income statement above.Luther has convertible bonds outstanding that would allow bondholders to convert their bonds into 700,000 shares of Luther stock.For the year ending December 31,2015 Luther's diluted earnings per share are closest to:
A)$0.95 
B)$1.01 
C)$1.04 
D)$1.53 
E)$3.92

Quizplus · Accepted Answer

The Answer of Use the table for the question(s)below.
 
-Refer to the income statement above.Luther has convertible bonds outstanding that would allow bondholders to convert their bonds into 700,000 shares of Luther stock.For the year ending December 31,2015 Luther's diluted earnings per share are closest to:
A)$0.95 
B)$1.01 
C)$1.04 
D)$1.53 
E)$3.92

Use the Table for the Question(s)below