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22. Foyle, Inc., had 680, 31, 2014. On July 1, 2015, an additional 24,000 shares of commn 000 shares of common stock issued and outstanding

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22. Foyle, Inc., had 680, 31, 2014. On July 1, 2015, an additional 24,000 shares of commn 000 shares of common stock issued and outstanding at December stock were issued for 32,000 shares common stock at $15 per share outstanding at the beginning average market p cash. Foyle also had vested incentive stock options to purchas end of 2015. The and end of 2015. The rice of Foyle's common stock was $20 during 2015. What is the ber of shares that should be used in computing diluted earnings per share for the year ended December 31, 2015? A) 700,000 B) 708,000 C) 728,000 D) 732,000 E) none of the above 23. In 2006, the Haley Company has net income (NI)-$80,000 and weighted average shares outstanding (WASH)-20,000. Haley's managers will receive a bonus of 6,845.6 shares, if NI in 2008 is greater than $68,000. Diluted eps for 2006 is (nearest penny) A) $4.00 B) $3.64 C) $2.98 D) $3.00 E none of the above Version 1 Page 9

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