Witter House is a calendar - year firm with 3 4 0 million common shares outstanding throughout
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Question:
Witter House is a calendaryear firm with million common shares outstanding throughout and As part of its executive compensation plan, at January the company had issued million executive stock options permitting executives to buy million shares of stock for $ within the next eight years, but not prior to January
The fair value of the options was estimated on the grant date to be $ per option.
In Witter House began granting employees stock awards rather than stock options as part of its equity compensation plans and granted million restricted common shares to senior executives at January
The shares vest three years later.
The fair value of the stock was $ per share on the grant date.
The average price of the common shares was $ and $ during and respectively.
The stock options qualify as an incentive plan.
The restricted stock does not.
The company\'s net income was $ million and $ million in and respectively.
Required:
Compute basic and diluted earnings per share for Witter House in
Compute basic and diluted earnings per share for Witter House in
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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