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Dvinal [7]
3 years ago
9

Flint corporation reported net income of 391320 in 2017 and had 206000 shares of common stock outstanding throughout the year. A

lso oustanding all year were 570000 options to purchase common stock at 12 per share. The average market price of the stock druing the year was 15. Compute diluted earnings per share.
Business
1 answer:
irakobra [83]3 years ago
8 0

Answer:

$1.23

Explanation:

The computation of the diluted earnings per share is shown below:

Diluted earning per share = Net income ÷ weighted number of common stock outstanding

where,

Net income is $391,320          

Weighted average number of outstanding shares equal to

= 206,000 shares  + 114,000 shares

= 320,000 shares

The 114,000 shares is

= 570,000 ÷ $15 × $12

= 456,000

Now 570,000 - 456,000 = 114,000 shares

So, the diluted earning per share

= $391,230 ÷ 320,000 shares

= $1.23

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When individuals feel that a pay  very high amount of amount of money as property tax, they should immediately contact the local county assessor to lay their complaint.

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8 0
3 years ago
Which of the following statements is true?Multiple Choice
Ksivusya [100]

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Explanation:

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3 years ago
Which financial statements must be reported for fiduciary funds?
exis [7]

Answer:

D. I and II only.

Explanation:

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The required financial statements for a fiduciary fund are:

1)Statement of fiduciary net position

2)Statement of changes in fiduciary net position

The fiduciary fund could be classified as follows:

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- Investment trust funds: is for reporting the external portion of an investment pool which is reported by the sponsoring government.

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5 0
4 years ago
Using a quotation is one of the most common and effective ways to conclude a speech.
guapka [62]

Answer: False

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Answer:

what are the options i would say your background recorded.

Explanation:

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