Question: i need help seeing if this is right On December 31, 2020, Berclair Inc had 560 million shares of common stock and 5 million shares
On December 31, 2020, Berclair Inc had 560 million shares of common stock and 5 million shares of 9% 5100 par value cumulative preferred stock issued and outstanding on March 1, 2021. Berclair purchased 168 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021 was 51.050 million. Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2013. The options were exercisable as of September 13, 2020, for 30 million common shares at an exercise price of 556 per share. During 2021 the market price of the common shares averaged $70 per share. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021 (Enter your answers in millionske 10,000,000 should be entered os 10). Do not round intermediate calculations.) 1 Base Diluted Numerator 5 1005 5 1005 Denominator 462 LUB Earnings per Share $ 227 $ 224
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