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On January 1, 2020, Hage Corporation granted incentive stock options to purchase 27,500 of its common shares at $10 each. The options are exercisable after
On January 1, 2020, Hage Corporation granted incentive stock options to purchase 27,500 of its common shares at $10 each. The options are exercisable after one year. The market price of common averaged $11 per share during the quarter ending on March 31, 2021. There was no change in the 240,000 shares of outstanding common stock during the quarter ended March 31, 2021. Net income for the quarter was $9,218. The number of shares to be used in computing diluted earnings per share for the quarter is: (Round your final answer to whole number.) Multiple Choice O 242,500 240,000 267,500. 265,000
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