Question
A company's net income for 2020 is $600,000. It has 2,000 stockoptions outstanding. These options were issued during 2019, eachexercisable for one share at $11.
A company's net income for 2020 is $600,000. It has 2,000 stockoptions outstanding. These options were issued during 2019, eachexercisable for one share at $11. None has been exercised. 40,000shares of common were outstanding during 2020. The average marketprice of the company’s stock during 2020 was $25. Compute dilutedearnings per share. (Round to nearest cent if necessary.)
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Dilute earning per share 6000000 40000112...
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
