At December 31 . 2013 . Nightstyle Inc had 190,000 shares of common stock outstanding. On October 1 . 2014, an additional 70,000 shares of common stock were issued for cash. Nightstyle also had 2,000,000 of 8 percent convertible bonds outstanding at December 31 . 2014, which are convertible into 55,000 shares of common stock. The bonds are dilutive in the 2014 earnings per share computation. No

bonds were issued or converted into common stock during 2014 . What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31 . 2014?
a. 160,000
b. 175,000
c. 205,000
d. 262,500


D

Business

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