Stine Inc. had 1,000,000 shares of common stock issued and outstanding at December 31, 2024. On July
Fantastic news! We've Found the answer you've been seeking!
Question:
Stine Inc. had 1,000,000 shares of common stock issued and outstanding at December 31, 2024. On July 1, 2025, an additional 1,000,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2025 which allow the holders to purchase 300,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2025.
What is the number of shares to be used in computing diluted earnings per share for 2025?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: