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At the beginning of the year, Mayer Co. had 600,000 ordinary shares issued and outstanding. The entity also had 100,000 unvested options. Each option allows
At the beginning of the year, Mayer Co. had 600,000 ordinary shares issued and outstanding. The entity also had 100,000 unvested options. Each option allows the holder to purchase one share at P7. Total fair value of the services to be rendered by the employees is P500,000. Net income during the year was P960,000, while diluted earnings per share was P1.50. 3. Determine the average market price of Mayer's shares. 4. Compute for the basic earnings per share
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