Question
An annual report of Ford Motor Corporation states, Net income a share is compuputed based upon the average number of shares of capital stock of
An annual report of Ford Motor Corporation states, "Net income a share is compuputed based upon the average number of shares of capital stock of all classes outstanding. Additionalal shares of common stock may be issued or delivered in the future on conversion of outstanding covertible debentures, exercise of outstanding employee stock opptions, and for payment of defined supplemental compenstation. Had such additiitional shares been outstanding, net income a share would have been reduced by .10 in the current year and .3 in the previous Year....As a result of capital stock transactions by the company during the current year (primarily the purchase of Class A Stock from Ford Foundation), net income a share was increased by .06".
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