Computing Shares Used in EPS Calculation: Stock Options

Computing Shares Used in EPS Calculation: Stock Options Mann Inc., had 600,000 shares of common stock issued and outstanding on January 1 . On July 1 , an additional 1 00,000 shares of common stock were issued for cash. Mann also had unexercised stock options to purchase 80,000 shares of common stock at $1 5 per share outstanding at the beginning and throughout the year. The average market price of Mann's common stock was $20 during the year. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31? Check