Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As part of its executive compensation plan, Vertovec incorporated granted 5 4 , 0 0 0 of its no - par common shares to executives,

As part of its executive compensation plan, Vertovec incorporated granted 54,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $15 per share on Jonuary 1,2023, the grant date of the restricted stock anward, of well as on December 31,2024,475,000 shares were outstanding at Janvary 1,2024. Net income for 2024 was $380,000.
Required:
Compute Vertovec's basic and diluted earnings per share for the year ended December 31,2024
Note: Do not round intermediate calculations. Enter your answers in thousands (i.e.,10,000 should be entered as 10).
\table[[,Nunterator,+,Denominator,=,Earnings per Share],[Basic,,+,,=,],[Diluted,,+,,=,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions