Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

vaughn manufacturing had net income for 2 0 2 1 of $ 5 9 9 0 0 0 The average number of shares oustanding for

vaughn manufacturing had net income for 2021 of $599000 The average number of shares oustanding for the period was 20100 shares. The average number shares under outstanding options at an option price of 29 per share is 12600 shares. The average market price of the common stock during the year was $36 What should Vaughn Manufacturing report for diluted earnings per share for the year ended 2021?

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_2

Step: 3

blur-text-image_3

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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

7th edition

1259722635, 978-1259722639

More Books

Students also viewed these Accounting questions

Question

What do you like to do for fun/to relax?

Answered: 1 week ago