Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can toi pkease explain the steps to sokve the diluted for both sides Stanley Department Stores reported net income of $776,000 for the year ended

can toi pkease explain the steps to sokve the diluted for both sides
image text in transcribed
Stanley Department Stores reported net income of $776,000 for the year ended December 31, 2021. Additional Information: 90,000 24.000 Common shares outstanding at Jan. 1, 2021 Incentive stock option (vented in 2020) outstanding throughout 2022 (Each option is exercisable for one common share at an exercise price of $23.00) During the year, the market price of Stanley'a common stock averaged $27.60 per share. On Aug. 30, Stanley sold 15,000 common shares Stanley'a only debt consisted of 656,000 of 104 short-term banknotes The company's income tax rate in 25. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round Intermediate calculations) Numerator Denominator Earnings per Share 1 Basic Diuted 1

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

Artificial Intelligence In Accounting Organisational And Ethical Implications

Authors: Othmar M. Lehner, Carina Knoll

1st Edition

1032055626, 9781032055626

More Books

Students also viewed these Accounting questions