Question: Homework Problems Question 15 of 15 -/1 E View Policies Current Attempt in Progress Flounder Company's net income for 2020 is $54.900. The only potentially

 Homework Problems Question 15 of 15 -/1 E View Policies Current

Homework Problems Question 15 of 15 -/1 E View Policies Current Attempt in Progress Flounder Company's net income for 2020 is $54.900. The only potentially dilutive securities outstanding were 1,400 options issued during 2019 each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2020. The average market price of Flounder's stock during 2020 was $20. (a) Compute diluted earnings per share (Round answer to 2 decimal places, es $2.55.) 2 Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 1,400 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $20. (Round answer to 2 decimal places, es $2.55) Diluted earnings per share $ e Textbook and Media Save for Latur Attempts:0 of 10 used Submit Antwer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!