Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blue cab company had 62,000 shares of common stock

Blue Cab Company had 62,000 shares of common stock outstanding on January 1,2024. On April...

90.2K

Verified Solution

Question

Accounting

Blue Cab Company had 62,000 shares of common stock outstanding on January 1,2024. On April 1,2024, the company issued 32,000 shares of common stock. The company had outstanding fully vested incentive stock options for 11,000 shares exercisable at $11 that had not been exercised by its executives. The end-of-year market price of common stock was $25 while the average price for the year was $24. The company reported net income in the amount of $329,915 for 2024. What is the diluted earnings per share (rounded)?

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

47690 47440 46210 44820 44810 44110 43900 41860 39430 39000 38880 38520 38370 38370 38370...

Statistics
1.2K views

The data in the table is the number of absences for 77 students and their corresponding...

Biology
1.2K views

FALSE about the Nitrogen cycle? Nitrogen is released as ammonia as bacteria breakdown decaying organic tissue OR...

Biology
1.2K views

Groups of similar types of cells that work together to perform a common function are...

Biology
1.2K views

You ve been researching a small population of mice that appear to have a Mendelian...

Biology
1.2K views

Which of the following surrounds the individual muscle cell epimysium endomysium fascicle

Physics
1.2K views

Sound Wave Q20 A person standing at a distance of 6 m from a source...

Physics
1.2K views

8 The velocities of two particles A and B of same mass are A V...

Calculus
1.2K views

Solve sin^2(x) = 4 cos(x) for all solutions 0 ? x < 2?.x =Give your...

Finance
1.2K views

Data on Liu Inc. for the most recent year are shown below, along with the...

Accounting
1.2K views

What amount when increased by 42.89% equals $8,345?

Finance
1.2K views

Sonic Inc. has encountered financial difficulties. The company projects that it will have enough cash...