Question: P4. TOPIC; SHAREHOLDERS EQUITY Problem 4 On January 1, 2020, Monochromatic Company had 56,000 ordinary shares outstanding that did not change during 2020 and 2019.

P4. TOPIC; SHAREHOLDERS EQUITY

Problem 4

On January 1, 2020, Monochromatic Company had 56,000 ordinary shares outstanding that did not change during 2020 and 2019. The company granted options to certain executives to purchase 9,000 of its ordinary shares at 70 each. The average market price of ordinary share was 105 per share during 2020. What is the total number of shares to be used in computing diluted earnings per share for 2020?

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