Question
Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2013. On March 31, 2013, the company issued 20,000 shares of common
Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2013.
On March 31, 2013, the company issued 20,000 shares of common stock.
The company had outstanding fully invested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives.
The average price of stock for the year was $12.
The company reported net income in the amount of $269,915 for 2013.
What is Blue Cab's basic earnings per share for 2013?
What is Blue Cab's diluted earnings per share for 2013?
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
5th Edition
1264467206, 978-1264467204
