The 20X1 net income of Kanarraville Company was $200,000. The company had 100,000 shares of its common stock outstanding during the entire year. In addition, throughout the year there were outstanding options to purchase 10,000 shares of common stock at $10 per share. The average market price of Kanarraville's common stock during 20X1 was $25 per share. What is Kanarraville's diluted earnings per share for 20X1?

Answer rating: 100% (QA)

Exercise price per share 10 Market price per share 25 Since the exercise price is lower than the mar... View the full answer