As part of its executive compensation plan, Vertovec Inc. granted 54,000 of its no par common shares
Question:
As part of its executive compensation plan, Vertovec Inc. granted 54,000 of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $5 per share on January 1, 2010, the grant date, as well as on December 31, 2011. 800,000 shares were outstanding at January 1, 2011. Net income for 2011 was $120,000.
Required:
Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2011.
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Amounts in thousands except per share amounts Basic EPS Diluted EPS Proceeds 270...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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