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Kingbird Corporation reported net income of $253,200 in 2020 and had 197,000 shares of common stock outstanding throughout the year. Also outstanding all year
Kingbird Corporation reported net income of $253,200 in 2020 and had 197,000 shares of common stock outstanding throughout the year. Also outstanding all year were 42,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
