Question: read and answer question very carefully Question 2 (5 points) ~ Saved [usm | Alec Company had 40,000 shares of common stock outstanding on January
read and answer question very carefully
Question 2 (5 points) ~\" Saved [usm | Alec Company had 40,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 10,000 shares, exercisable at $10. The average market price of common stock for the year was $12. What rounded number of stock shares should be used in computing diluted earnings per share? a | | 2 1) 56,667 C\\ / 2) 65,000 C) / 3) 46,667 C) 4) 55,000Step by Step Solution
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