Bedard Corporation reported net income of $300,000 in 2014 and had 200,000 common shares outstanding throughout the

Question:

Bedard Corporation reported net income of $300,000 in 2014 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...