As part of its executive compensation plan, Vertovec Inc. granted 54,000 of its no-par common shares to
Question:
As part of its executive compensation plan, Vertovec Inc. granted 54,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec’s common shares have a market price of $5 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 800,000 shares were outstanding at January 1, 2021. Net income for 2021 was $120,000.
Required:
Compute Vertovec’s basic and diluted earnings per share for the year ended December 31, 2021.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Proceeds 270000 5 market price per share x 54000 shares 3 year...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Business questions
-
As part of its cost control program, Tracer Company uses a standard costing system for all manufactured items. The standard cost for each item is established at the beginning of the fiscal year, and...
-
As part of its UTP assessment, Penobscot Company records interest and penalties related to its tax contingency amount of $500,000. Which of the following statements about recording this amount is...
-
As part of its business, Kinkos Graphics Corporation (Kinkos) copied excerpts from books, compiled them in packets, and sold the packets to college students. Kinkos did this without permission from...
-
In Exercises, find the limit. x-4 lim x-00x + 1
-
Draw a right triangle for each problem. Label the sides and angle, then solve to find the unknown measure. a. sin 20( = (/12 b. cos 80( = 25/b c. tan 55( = c + 4 /c d. sin-1 17/30 = D
-
What is the difference between whole blood, serum, and plasma?
-
John and Jennifer Margeson entered into a contract to sell a weight-loss franchise business called Inches-A-Weigh to Theresa Artis. The parties memorialized their agreement in an Asset Purchase...
-
Bob Farrell, owner of Farrell Motors, is trying to decide whether to buy an insurance policy to cover hail damage on his inventory of more than 200 cars and trucks. Thunderstorms occur frequently,...
-
2. A muon is created in our upper atmosphere and travels toward the ground at 0.998 c. If it's lifetime is 2.2 x 10-6 seconds. What is the lifetime of the muon as observed by the earth's frame of...
-
DAT, Inc., needs to develop an aggregate plan for its product line. Relevant data are The forecast for next year is Management prefers to keep a constant workforce and production level, absorbing...
-
Information from the financial statements of Ames Fabricators, Inc., included the following: Ames?s net income for the year ended December 31, 2021, is $500,000. The income tax rate is 25%. Ames paid...
-
PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $5 per share on...
-
You used the tot number of staff present and remote hours to predict standby hours (stored in Standby). Using the results from that problem, a. Construct a 95% confidence interval estimate of the...
-
discuss the concept of distributed leadership and its effectiveness in empowering individuals at all levels of an organization to take ownership of their roles and contribute to strategic objectives?
-
discuss the implications of geopolitical shifts, such as the rise of multipolarity and the decline of traditional power structures, on the dynamics of global governance and diplomatic relations?
-
1. What did you most enjoy about learning INTL 3 (IMPORTING AND EXPORTING REGULATION) ? What was the least? 2. What designation would you likely decide to start off with? Which one interest you the...
-
Did you enjoy the documentary film on Dr. Barnes and his museum? What struck you the most about the film? And why? To what extent do you believe that visual arts such as paintings, sculpture, and...
-
In 2005, Martha was charged with and pleaded guilty to shoplifting. She received a conditional discharge, and according to the law in that province (Quebec), she automatically received a pardon after...
-
Harbaugh Manufacturing company uses a standard cost accounting system. In 2012, 50,000 units were produced. Each unit took several kilograms of direct materials and two standard hours of direct...
-
Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable costs per unit are $11. a). Prepare a contribution margin income statement showing predicted net...
-
State some of the more serious problems encountered in seeking to achieve the ideal measurement of periodic net income. Explain what accountants do as a practical alternative.
-
State some of the more serious problems encountered in seeking to achieve the ideal measurement of periodic net income. Explain what accountants do as a practical alternative.
-
What is meant by the terms components, elements, and items as they relate to the income statement? Why might items have to be disclosed in the income statement?
-
Use the extension of set-builder notation concepts and the roster method to write the given set. D= {2x-91xE N and x < 5}
-
Statement of financial position/Balance sheet structure Level of difficulty: Moderate Chugoku Electric Power Company, Inc., was established in 1951 as one of ten electric power companies in Japan. It...
-
60.Blackstone Company uses a process costing system and has 14,000 units remaining in the work-in-process inventory. These units are 75% and 40% complete with regard to materials and conversions...
Study smarter with the SolutionInn App