Bedard Corporation reported net income of $300,000 in 2012 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share.
Answer to relevant QuestionsSuppose that, in an undeformed sequence of rocks, you ﬁnd a trilobite embedded in shale layers at the bottom of the formation and fossil leaves embedded in shale at the top of the formation. From your observation, what can ...Laurin Limited had 42,000 common shares outstanding on January 1, 2011. On March 1, 2011, Laurin issued 20,000 shares in exchange for equipment. On July 1, Laurin repurchased and cancelled 10,000 shares. On October 1, 2011, ...On January 1, 2011, Shaylyn Limited issued $2.5 million of face value, 10-year, 7% bonds at par. Each $1,000 bond is convertible into 15 common shares. Shaylyn's net income in 2011 was $250,000, and its tax rate was 30%. The ...Fantino Inc. presented the following data: Net income ......................... $5,500,000 Preferred shares: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible .................. $5,000,000 Common ...Leviq Enterprises Ltd. has a tax rate of 40% and reported net income of $8.5 million in 2011. The following details are from the balance sheet of Leviq as at December 31, 2011, the end of its fiscal year: Other ...
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