The following note appeared in the 2002 Annual Report of Mercer International Inc. For 2002 and 200!

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The following note appeared in the 2002 Annual Report of Mercer International Inc.

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For 2002 and 200! options and warrants were not included in the computation of diluted earnings per share because they were antidilutive. VWWarrants were not dilutive in 2000.

Explain:

(a) why the BEPS shares were weighted; and

(b) what is meant by antidilutive.

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Financial Accounting And Reporting

ISBN: 9780273760887

15th Edition

Authors: Barry Elliott, Jamie Elliott

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