On December 31,2023, Clarkson Company had 100,000 shares of common stock outstanding and 30,000 shares...
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Accounting
On December Clarkson Company had shares of common stock outstanding and shares of $ par, cumulative preferred stock outstanding. On February Clarkson purchased shares of common stock on the open market as treasury stock paying $ per share. Clarkson sold of the treasury shares on September for $ per share. Net income for was $ Also outstanding at December were fully vested incentive stock options giving key executives the option to buy common shares at $ These stock options were exercised on November The market price of the common shares averaged $ during
Required:
Compute Clarkson's basic and diluted earnings per share for
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