Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Ltd . reported net income of $ 7 8 9 1 4 0 in 2 0 2 3 and had 3 1 0 0

Blue Ltd. reported net income of $789140 in 2023 and had 310000 common shares outstanding throughout the year. Also, outstanding all year were 64000(written) options to purchase common shares at $12 per share. The average market price for the common shares during the year was $16 per share. Calculate the diluted earnings per share (round to 2 decimal places).
Select answer from the options below
$2.55
$2.82
$2.42
$2.11

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

Financial And Managerial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

5th Edition

1618532324, 9781618532329

More Books

Students also viewed these Accounting questions

Question

What is job enlargement ?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago

Question

Does it highlight your accomplishments rather than your duties?

Answered: 1 week ago

Question

Does it clearly identify what you have done and accomplished?

Answered: 1 week ago

Question

Does it avoid using personal pronouns (such as I and me)?

Answered: 1 week ago