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Exerclse 19.17 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19.6, 19-7, 19-8] On December 31, 2023. Berclair Incorparated
Exerclse 19.17 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19.6, 19-7, 19-8] On December 31, 2023. Berclair Incorparated had 360m liton shares of common stock and 3 million shoces of 9%, 5100 par value cumblotive preferred stock issued and outstonding- - On March t 2024, Berclair purchased \&8 miltion shares of its common stock os treasury stock. - Berclair issued o 58 common stock dividend on July 1,2024. - Four milion treanury shares were sold on Ostober 1 . - Net income for the year ended December 31,2024 , was $550 million, : Ako outstanding ot December 31 were 30 mallion incentive stock options granted to key enecuthes on September 13, 2019 - The options were exercisoble os of September 13,2023, for 30 millon common shares at an exercise price of $56 per share. - Duing 2024, the market price of the common shees averoped $70 per share. Pequifed: Compute Berclairs baslc and diluted earnings per share for the year ended December 31, 2024, /Shares for stock options and comversion of comvertible securities have been adjusted for any stock split or stock dividend) Note: Do not round intermediate cakculations. Enter your answers in millions (0.4,10,000,000 should be entered as 10)
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