Question
A firm with net income of $150,000 and weighted average actual shares outstanding of 25,000 for the year also had the following securities outstanding the
A firm with net income of $150,000 and weighted average actual shares outstanding of 25,000 for the year also had the following securities outstanding the entire year: 500 options to purchase one share of stock for $15 per share. The average share price during the year was $20.
Compute diluted EPS for this firm.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
We need to find the diluted earnings per share EPS for the firm Step 1 Given The option...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
