Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Johnson Corp has net income of 180,000 for the year ended 12/31/2021. During the year they declared and paid $10,000 in Common Stock dividends. Johnson
Johnson Corp has net income of 180,000 for the year ended 12/31/2021. During the year they declared and paid $10,000 in Common Stock dividends. Johnson Corp had 30,000 shares of stock outstanding at the beginning of the year, and on April 1st issued an additional 20,000 shares. As of 1/1/2021, management had options that could be exercised for 15,000 shares of common stock. On 6/30/2021 management was awarded options for an additional 5,000 shares of common stock which could not be exercised until 12/31/2021. What is Diluted Earnings Per Share the year ended 12/31/21 (rounded to nearest hundredth)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started