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 45,000 of its no-par common...

90.2K

Verified Solution

Question

Accounting

As part of its executive compensation plan, Vertovec Inc. granted 45,000 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 $18 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1, 2021. Net income for 2021 was $360,000. 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