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declared and paid $75,000 cash dividends on the common stock
and $60,000 on the preferred stock. Net income for the year
ended December 31, 2015 was $465,000. What should be
Didde's 2015 earnings per common share?

3) When convertible debt is retired by the issuer, any
material difference between the cash acquisition price and the
carrying amount of the debt should be

4) On July 1, 2014, an interest payment date, $90,000 of
Parks Co. bonds were converted into 1,800 shares of Parks Co.
common stock each having a par value of $45 and a market
value of $54. There is $3,600 unamortized discount on the
bonds. Using the book value method, Parks would record

5)

Convertible bonds