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Katyanochek1 [597]
3 years ago
9

January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 27,000 of its common shares at $7 each. T

he market price of common stock was $10 per share on December 31, 2021, and averaged $9 per share during the year then ended. There was no change in the 150,000 shares of outstanding common stock during the year. Net income for the year was $25,000. The number of shares to be used in computing diluted earnings per share for the quarter is:
Business
1 answer:
aleksandr82 [10.1K]3 years ago
8 0

Answer:

$156,000

Explanation:

Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:

First step is to calculate the Net effect

Net effect=$27,000*$7/ $9 = $21,000

Net effect=$27,000k - $21,000

Net effect=$6,000

Now let calculate The number of shares to be used in computing diluted earnings per share for the quarter is

Numbers of shares =150,000 + 6,000

Numbers of shares= 156,000

Diluted EPS= 25,000/ 156,000

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The correct option is B.

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Franklin Investments holds a 15% equity investment in Titans Inc. and treats it as a passive investment. O’Hare Consulting holds
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What's equilibrium price and demand?

The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.

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Learn more about equilibrium price here:- brainly.com/question/22569960

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