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  3. cullumber company's net income for 2020 is $53,400

Cullumber Company's net income for 2020 is $53,400. The only potentially dilutive securities outstanding were...

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Accounting

Cullumber Company's net income for 2020 is $53,400. The only potentially dilutive securities outstanding were 800 options issued
during 2019, each exercisable for one share at $6. None has been exercised, and 10,300 shares of common were outstanding during
The average market price of Cullumber's stock during 2020 was $25.
(a) Compute diluted earnings per share. (Round answer to 2 decinal places, es. $2.55..)
Diluted earnings per share
(b) Assume the same facts as those assumed for part (a), except that the 800 options were issued on October 1,2020(rather than in
. The average market price during the last 3 months of 2020 was $25.(Round answer to 2 decimal places, e.g. $2.55.)
Diluted earnings per share $
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