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Anderson Steel Company began 2 0 2 4 with 4 3 0 , 0 0 0 shares of common stock outstanding. On March 3 1
Anderson Steel Company began with shares of common stock outstanding.
On March new shares were sold at a price of $ per share.
The market price has risen steadily since that time to a high of $ per share at December
No other changes in shares occurred during and no securities are outstanding that can become common stock.
However, there are two agreements with officers of the company for future issuance of common stock.
Both agreements relate to compensation arrangements reached in
The first agreement grants to the company president a right to shares of stock each year the closing market price is at least $
The agreement begins in and expires in
The second agreement grants to the controller a right to shares of stock if she is still with the firm at the end of
Net income for was $
Required:
Compute Anderson Steel Company's basic and diluted earnings per share for the year ended December Note: Do not round intermediate calculations. Enter your answers in thousands ie should be entered as
tableNumerator,Denominator,Earnings per ShareBasicDiluted
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