On January 1, 2008, Wander Corporation had 68,000 shares of common stock outstanding that did not change

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On January 1, 2008, Wander Corporation had 68,000 shares of common stock outstanding that did not change during 2008. In 2007, Wander granted options to certain executives to purchase 9,000 shares of its common stock at $7 each. The average market price of common was $10.50 per share during 2008. Compute the number of shares to be used in computing diluted EPS for 2008.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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