Convertible bonds that were outstanding during the entire year will not have an impact on the weighted average number of common shares outstanding used in the calculation of basic earnings per share.

Question

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Convertible bonds that were outstanding during the entire year are considered to be potentially dilutive, but they are already included in the calculation of diluted earnings per share. Therefore, they do not impact the weighted average number of common shares outstanding used in the calculation of basic earnings per share.

Convertible Bonds That Were Outstanding During the Entire Year Will