Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 11

Throughout the year. Baker Construction Company had 3 million shares of common stock and 150,000 shares of convertible preferred stock outstanding. Each share of preferred is convertible into two shares of common. What number of shares should be used in the computation of ( a ) basic earnings per share and ( b ) diluted earnings per share?