Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need detailed answer worth 9marks Earnings per share Basic earnings per share was calculated by dividing earnings attributable to AutoCanada shareholders by the sum of

Need detailed answer worth 9marks
image text in transcribed
image text in transcribed
Earnings per share Basic earnings per share was calculated by dividing earnings attributable to AutoCanada shareholders by the sum of the weighted-average number of common shares outstanding during the period. Basic earnings per share are adjusted by the dilutive impact of all share based payment plans to calculate the diluted earnings per share. For the year ended December 31, 2020, potential common shares related to RSUs of (87,051), stock options of (729,253), and SARs of (376,670) were excluded from the computation of diluted earnings per share because they were anti-dilutive. 6) AutoCanada presents both basic and diluted earnings per share. What is the net income attributable to AutoCanada shareholders? Identify the weighted average number of shares and the number of shares of each potentially dilutive element, and total of weighted average number of shares used in diluted earnings per share. Identify any anti-dilutive elements and their impact on weighted average number of shares. (9 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Identify elements of the Myers-Briggs Type Indicator.

Answered: 1 week ago

Question

2. Describe how technology can impact intercultural interaction.

Answered: 1 week ago