Amer Company had 600,000 ordinary shares issued and outstanding at December 31, 2019. On October...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Amer Company had 600,000 ordinary shares issued and outstanding at December 31, 2019. On October 1, 2020 an additional 600,000 shares were issued for cash. Amer Company also had share options outstanding at the beginning and end of 2020 which allow the holders to purchase 180,000 ordinary shares at 28 per share. The average market price of Amer Companys ordinary shares was 35 during 2020. The number of shares to be used in computing diluted earnings per share for 2020 is ?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
