Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cullumber company's net income for 2020 is $53,400

Cullumber Company's net income for 2020 is $53,400. The only potentially dilutive securities outstanding were...

60.1K

Verified Solution

Question

Accounting

Cullumber Company's net income for 2020 is $53,400. The only potentially dilutive securities outstanding were 800 options issued
during 2019, each exercisable for one share at $6. None has been exercised, and 10,300 shares of common were outstanding during
The average market price of Cullumber's stock during 2020 was $25.
(a) Compute diluted earnings per share. (Round answer to 2 decinal places, es. $2.55..)
Diluted earnings per share
(b) Assume the same facts as those assumed for part (a), except that the 800 options were issued on October 1,2020(rather than in
. The average market price during the last 3 months of 2020 was $25.(Round answer to 2 decimal places, e.g. $2.55.)
Diluted earnings per share $
image

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

R is the region bounded by the functions f x 1 x and g x...

Calculus
Q

What are the variety of capital budgeting tools including net present value (NPV), internal rate of...

Finance
Q

Determine the molar solubility (S) of Ag2CO3 in a buffered solution with a pH of 3.167...

Chemistry
Q

Calculate the pH for each of the following cases in the titration of 50.0 mL of...

Chemistry
Q

group hours 1.00 44.00 1.00 40.00 1.00 44.00 1.00 39.00 1.00 25.00 1.00 37.00 1.00 31.00 1.00 40.00 1.00 22.00 1.00 34.00 1.00 39.00 1.00 20.00 1.00 39.00 1.00 42.00 1.00 41.00 2.00 36.00 2.00 40.00 2.00 37.00 2.00 35.00 2.00 39.00 2.00 40.00 2.00 36.00 2.00 38.00 2.00 24.00 2.00 27.00 2.00 29.00 2.00 24.00 2.00 45.00 2.00 44.00 2.00 44.00 3.00 52.00 3.00 50.00 3.00 51.00 3.00 52.00 3.00 45.00 3.00 49.00 3.00 47.00 3.00 46.00 3.00 47.00 3.00 47.00 3.00 46.00 3.00 45.00 3.00 50.00 3.00 47.00 3.00 49.00 The senior class at a charter school specializing in the physical sciences surveyed students in three...

Basic Math
Q

equation State clearly the three salient features observed in photoelectric effect which can be explained...

Physics
Q

Plot the point that has the given polar coordinates x 2 2 0 0 2...

Basic Math
Q

The total amount of sodium in 2 hot dogs and 3 cups of cottage cheese...

Basic Math
Q

used to study large areas of forest Based on satellite im ages a forest area...

Statistics
Q

We have to make our own financial statements. Thank you! the changes flow through....

Accounting
Q

Fellingham Corporation purchased equipment on January 1, 2016, for $240,000. The company estimated the equipment...

Accounting
Q

a) b) c) ...

Accounting