Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as part of its executive compensation plan, vertov

As part of its executive compensation plan, Vertovec Inc. granted 66,000 of its no-par common...

50.1K

Verified Solution

Question

Accounting

As part of its executive compensation plan, Vertovec Inc. granted 66,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovecs common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 700,000 shares were outstanding at January 1, 2021. Net income for 2021 was $280,000. Required: Compute Vertovecs basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.)

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

Statistics
1.2K views

The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a...

Biology
1.2K views

Discuss the functions of a forensic scientist. Why should the police rely on evidence collected by...

Psychology
1.2K views

Why is the quality of the counseling relationship so important in vocational counseling and what is...

Geometry
1.2K views

Find the value of m in the figure below 2m 8m 6m 4m

Basic Math
1.2K views

The polynomial function f x x kx 3x 10 has the roots at 5 2...

Calculus
1.2K views

Find the area between the curve y 2 and y x 3 on the interval...

Accounting
1.2K views

What is an (EOQ)? How is EQQ calculated and what are the underlying...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] In 2024, the Westgate...

Accounting
1.2K views

Sandstorm Corporation decides to develop a new line of paints. The project begins in 2023...

Accounting
1.2K views

I need a good sample of supervisors-evaluation letter for accounting intern to university professor which...

Accounting
1.2K views

Richard Otten is a plumber and has contacted you for some assistance in setting up...

Finance
1.2K views

Lowell Plastics has total assets of $1,750,000, long-term debt of $380,000, stockholders' equity of $720,000,...