Current Attempt in Progress Wildhorse Corp's net income for 2020 is $146,700. The only potentially...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Current Attempt in Progress Wildhorse Corp's net income for 2020 is $146,700. The only potentially dilutive securities outstanding were 2,200 call options issued during 2019, with each option being exercisable for one share at $20. None have been exercised, and 35,800 common shares were outstanding during 2020. The average market price of the company's shares during 2020 was $25. Calculate diluted earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $ eTextbook and Media Assuming that the 2,200 call options were instead issued on November 1, 2020 (rather than in 2019), calculate diluted earnings per share for the year ended December 31, 2020. The average market price during the last two months of 2020 was $25. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $ $
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!