Question
Wildhorse Corporation reported net income of $278,610 in 2020 and had 242,000 common shares outstanding throughout the year. Also outstanding all year were 27,000 (written)
Wildhorse Corporation reported net income of $278,610 in 2020 and had 242,000 common shares outstanding throughout the year. Also outstanding all year were 27,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share.
Calculate the diluted earnings per share.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
