Parnaby has 25,000 common stock shares outstanding and its 100%-owned subsidiary Sandal has 5,000 common stock shares outstanding.Parnaby and Sandal do not have any potentially dilutive securities outstanding.The separate net incomes for Parnaby and Sandal is $150,000 and $75,000 respectively.Diluted EPS for the consolidated company is
A) $5.00.
B) $6.00.
C) $7.50.
D) $9.00.
Correct Answer:
Verified
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