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please explain how you got the answer Blossom Corp's net income for 2023 is $151,200. The only potentially dilutive securities outstanding were 1,200 call options
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Blossom Corp's net income for 2023 is $151,200. The only potentially dilutive securities outstanding were 1,200 call options issued during 2022, with each option being exercisable for one share at $12. None have been exercised, and 30,000 common shares were outstanding during 2023. The average market price of the company's shares during 2023 was $15. (a) Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e. 8. 15.25.) Diluted earnings per share Step by Step Solution
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