On December Berclair Incorporated had million shares of common stock and million shares of $ par value cumulative preferred stock issued and outstanding.On December Berclair Incorporated had million shares of common stock and million shares of
$ par value cumulative preferred stock issued and outstanding.
On March Berclair purchased million shares of its common stock as treasury stock.
Berclair issued a common stock dividend on July
Four million treasury shares were sold on October
Net income for the year ended December was $ million.
Also outstanding at December were million incentive stock options granted to key executives on
September
The options were exercisable as of September for million common shares at an exercise price
of $ per share.
During the market price of the common shares averaged $ per share.
The options were exercised on September
Required:
Compute Berclair's basic and diluted earnings per share for the year ended December Shares for stock
options and conversion of convertible securities have been adjusted for any stock split or stock dividend.
Note: Do not round intermediate calculations. Enter your answers in millions ie should be
entered as
On March Berclair purchased million shares of its common stock as treasury stock.
Berclair issued a common stock dividend on July
Four million treasury shares were sold on October
Net income for the year ended December was $ million.
Also outstanding at December were million incentive stock options granted to key executives on September
The options were exercisable as of September for million common shares at an exercise price of $ per share.
During the market price of the common shares averaged $ per share.
The options were exercised on September
Required:
Compute Berclairs basic and diluted earnings per share for the year ended December Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend.
