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Exercise 19-20 (Algo) EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net income of $963,000 for the year ended
Exercise 19-20 (Algo) EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net income of $963,000 for the year ended December 31, 2021. Additional Information: Common shares outstanding at Jan. 1, 2021 Incentive stock options (vested in 2020) outstanding throughout 2021 (Each option is exercisable for one common share at an exercise price of $28.50) During the year, the market price of Stanley's common stock averaged $34.20 per share. On Aug. 30, Stanley sold 15,000 common shares. Stanley's only debt consisted of $47,000 of 10% short-term bank notes. The company's income tax rate is 258. 145,000 36,000 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 1 Denominator Earnings per Share Basic 1 = 0 Diluted = 0
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