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History Bokmarks Develop Window Help Thu 3:57 PM ezto theducation.com/ext/maindex.html?con-congexternal_brows Assignments Summer 2020 intermediate Accounting 2 Hamrenovadu Connect Chapter 19 Homework Saved Help Save &
History Bokmarks Develop Window Help Thu 3:57 PM ezto theducation.com/ext/maindex.html?con-congexternal_brows Assignments Summer 2020 intermediate Accounting 2 Hamrenovadu Connect Chapter 19 Homework Saved Help Save & Exit Submit Check my work 10 10 pos Skipped On December 31, 2020, Berclair Inc. had 560 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding, On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berciair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $950 million. The income tax rate is 25% Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Besclair's basic and diluted eamings per share for the year ended December 31, 2021. (Enter your answers in millions (... 10,000,000 should be entered as 10). Do not round intermediate calculations.) Bock Print References nerator Denominator Earnings per Share Basic Oluted 1 SEW HII MacBook Air
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