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  3. burns2 companys net income for 20x1 is $50,000. th

Burns2 Companys net income for 20x1 is $50,000. The only potentially dilutive securities outstanding were...

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Accounting

Burns2 Companys net income for 20x1 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 20x0 (a year ago), each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 20x1. The average market price of Burns2s stock during 20x1 was $20.

Compute diluted EPS for 20x1.

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