On December 3 1 , 2 0 2 3 , Berclair Incorporated had 5 4 0 million shares of common stock and 2 1 million shares of 9 , $ 1 0 0 par value cumulative preferred stock issued and outstanding On March 1 , 2 0 2 4 , Berclair purchased 2 4 million shares of its common stock as treasury stock Berclair issued a 5 common stock dividend on July 1 , 2 0 2 4 Four million treasury shares were sold on October 1 Net income for the year ended December 3 1 , 2 0 2 4 , was $ 1 , 0 5 0 million Also outstanding at December 3 1 were 8 4 million incentive stock options granted to key executives on September 1 3 , 2 0 1 9 The options were exercisable as of September 1 3 , 2 0 2 3 , for 8 4 million common shares at an exercise price of $ 7 5 per share During 2 0 2 4 , the market price of the common shares averaged $ 1 0 0 per share The options were exercised on September 1 , 2 0 2 4 Required Compute Berclair's basic and diluted earnings per share for the year ended December 3 1 , 2 0 2 4 ( Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend ) Note Do not round intermediate calculations Enter your answers in millions ( i e , 1 0 , 0 0 0 , 0 0 0 should be entered as 1 0 ) On December 3 1 , 2 0 2 3 , Berclair Incorporated had 5 4 0 million shares of common stock and 2 1 million shares of 9 , $ 1 0 0 par value cumulative preferred stock issued and outstanding On March 1 , 2 0 2 4 , Berclair purchased 2 4 million shares of its common stock as treasury stock Berclair issued a 5 common stock dividend on July 1 , 2 0 2 4 Four million treasury shares were sold on October 1 Net income for the year ended December 3 1 , 2 0 2 4 , was $ 1 , 0 5 0 million Also outstanding at December 3 1 were 8 4 million incentive stock options granted to key executives on September 1 3 , 2 0 1 9 The options were exercisable as of September 1 3 , 2 0 2 3 , for 8 4 million common shares at an exercise price of $ 7 5 per share During 2 0 2 4 , the market price of the common shares averaged $ 1 0 0 per share The options were exercised on September 1 , 2 0 2 4 Required Compute Berclair's basic and diluted earnings per share for the year ended December 3 1 , 2 0 2 4 ( Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend )

Question

On December 3 1 , 2 0 2 3 , Berclair Incorporated had 5 4 0 million shares of common stock and 2 1 million shares of 9   , $ 1 0 0 par value cumulative preferred stock issued and outstanding  On March 1 , 2 0 2 4 , Berclair purchased 2 4 million shares of its common stock as treasury stock  Berclair issued a 5   common stock dividend on July 1 , 2 0 2 4   Four million treasury shares were sold on October 1   Net income for the year ended December 3 1 , 2 0 2 4 , was $ 1 , 0 5 0 million  Also outstanding at December 3 1 were 8 4 million incentive stock options granted to key executives on September 1 3 , 2 0 1 9   The options were exercisable as of September 1 3 , 2 0 2 3 , for 8 4 million common shares at an exercise price of $ 7 5 per share  During 2 0 2 4 , the market price of the common shares averaged $ 1 0 0 per share  The options were exercised on September 1 , 2 0 2 4   Required  Compute Berclair's basic and diluted earnings per share for the year ended December 3 1 , 2 0 2 4   ( Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend  ) Note  Do not round intermediate calculations  Enter your answers in millions ( i   e   , 1 0 , 0 0 0 , 0 0 0 should be entered as 1 0 )   On December 3 1 , 2 0 2 3 , Berclair Incorporated had 5 4 0 million shares of common stock and 2 1 million shares of 9   , $ 1 0 0 par value cumulative preferred stock issued and outstanding  On March 1 , 2 0 2 4 , Berclair purchased 2 4 million shares of its common stock as treasury stock  Berclair issued a 5   common stock dividend on July 1 , 2 0 2 4   Four million treasury shares were sold on October 1   Net income for the year ended December 3 1 , 2 0 2 4 , was $ 1 , 0 5 0 million  Also outstanding at December 3 1 were 8 4 million incentive stock options granted to key executives on September 1 3 , 2 0 1 9   The options were exercisable as of September 1 3 , 2 0 2 3 , for 8 4 million common shares at an exercise price of $ 7 5 per share  During 2 0 2 4 , the market price of the common shares averaged $ 1 0 0 per share  The options were exercised on September 1 , 2 0 2 4   Required  Compute Berclair's basic and diluted earnings per share for the year ended December 3 1 , 2 0 2 4   ( Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend  )

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On December 3 1 , 2 0 2 3 , Berclair Incorporated had 5 4 0 million shares of common stock and 2 1 million

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