Question
Major Corporation had 50,000 shares of common stock outstanding during 2016 with the following characteristics: Par value per share $10 Average market value per share
Major Corporation had 50,000 shares of common stock outstanding during 2016 with the following characteristics:
| Par value per share | $10 |
| Average market value per share | 50 |
| Market value per share on 12/31/2016 | 60 |
The company also has compensatory share options to purchase 5,000 shares of common stock at $40 a share during the year. The unrecognized compensation cost (net of tax) related to these share options is $5 per share. Net income for the year was $60,600.
Compute the basic and diluted earnings per share for Major Corporation.
|
Basic EPS |
|
|
Diluted EPS |
|
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Audit Function Strategy Driving Audit Value The Best Practice Strategy Guide For Maximising The Audit Added Value At The Internal Audit Function Level Volume 1
Authors: Hans Beumer
1st Edition
3906861139, 978-3906861135
