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Crane Company had 1400000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1240000 shares were issued
Crane Company had 1400000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1240000 shares were issued for cash. Crane also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 370000 shares of common stock at $15 per share. The average market price of Crane's common stock was $20 during 2021. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2021? 2732500 O 2131250 O 2297500 2112500
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