Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 9.. blue cab company had 50,000 shares of common s

9.. Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2021....

50.1K

Verified Solution

Question

Accounting

9.. Blue Cab Company had 50,000 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 5,000 shares exercisable at $10 that had not been exercised by its executives. The end-of-year market price of common stock was $13 while the average price for the year was $12. The company reported net income in the amount of $269,915 for 2021. What is the diluted earnings per share (rounded)?

A. $3.60. B. $4.10. C. $4.50. D. $3.81.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

QUESTION 21 Bravossi Inc. has two projects with the following cash flows: Year Project 1 Project 2 0 (3,000.00) (2,400.00) 1 1,000.00 1,500.00 2 ?? 800.00 3 1,500.00 ?? 4 1,800.00 1,400.00 IRR 26.2307% 33.8369% What is the crossover...

Physics
1.2K views

Mercury (Hg) is a metal that melts at –39 oC, and thus is a liquid for...

Physics
1.2K views

Q 9 A pan of mass m 1 5 kg and a block of mass...

Basic Math
1.2K views

Prorate the given expenses to find the monthly cost Keiko pays 340 per month for...

Algebra
1.2K views

Use the matrices below to perform matrix multiplication B 4 po If the operation is...

Accounting
1.2K views

Question 1 [10] You are an intern in a retail store's laptop and tablet sales...

Accounting
1.2K views

TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are...

Accounting
1.2K views

If,in the event of a business combination, a company complies with the requirements of IFRS...

Accounting
1.2K views

For each account listed, first label each account as a Balance Sheet (B) account or...

Accounting
1.2K views

Problem 17-44 (Algo) (LO 17-7, 17-8, 17-9, 17-11) The City of Pfeiffer starts the year...

Accounting
1.2K views

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified...

Accounting
1.2K views

The typical assertion relating to investments and related accounts in a manufacturing company would not...