On December Berclair Incorporated had million shares of common stock and million shares of $ par value cumulative preferred stock issued and outstanding.

On March Berclair purchased million shares of its common stock as treasury stock.

Berclair issued a common stock dividend on July

Four million treasury shares were sold on October

Net income for the year ended December was $ million.

Also outstanding at December were million incentive stock options granted to key executives on September

The options were exercisable as of September for million common shares at an exercise price of $ per share.

During the market price of the common shares averaged $ per share.

The options were exercised on September

Required:

Compute Berclairs basic and diluted earnings per share for the year ended December Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend.

NUMERATOR IS

Answer rating: 100% (QA)

Answer To compute Berclairs basic and diluted earnings per share for the year ended December 31 2024 we need to follow these steps 1 Calculate the wei... View the full answer