Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blue cab company had 50,000 shares of common stock

Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2013. On...

70.2K

Verified Solution

Question

Accounting

Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2013.

On March 31, 2013, the company issued 20,000 shares of common stock.

The company had outstanding fully invested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives.

The average price of stock for the year was $12.

The company reported net income in the amount of $269,915 for 2013.

What is Blue Cab's basic earnings per share for 2013?

What is Blue Cab's diluted earnings per share for 2013?

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!
Become a Member

Other questions asked by students

Q

identify the equation . If it is a parabola, give its vertex, focus, and directrix; if...

Basic Math
Q

Test the given claim. Assume that a simple random sample is selected from a normally distributed...

Statistics
Q

Please write down all formulas needed to solve and explanation of each formula for Probability, Discrete...

Statistics
Q

Two boys A and B are at a distance 1360 m apart Boy B clapped...

Physics
Q

A company determines that its weekly online sales S t in hundreds of dollars t...

Calculus
Q

Listen Determine the value for to provelim 2 6 5 x 2 08 2 08...

Calculus
Q

4x lim x 5 x 5 lim x 5 4x x 5 4x lim x...

Calculus
Q

Find the dimensions of a right circular cylindrical can with both a top and a...

Calculus
Q

Leo Consulting enters into a contract with Highgate University to restructure Highgate's processes for purchasing...

Accounting
Q

The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can...

Accounting
Q

In 2023, Miranda records net earnings from self-employment of $180,000. She has no other income....

Accounting
Q

Serene Spa Sales uses the perpetual inventory system and the gross method of accounting for...

Accounting