PLEASE HELP ASAP WILL RATE! Dunbar Company had 700,000 shares of common stock outstanding during...
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PLEASE HELP ASAP WILL RATE!
Dunbar Company had 700,000 shares of common stock outstanding during the year 2018. In addition, at December 31, 2018, 90,000 shares were issuable upon exercise of executive stock options. The options were granted at $40, and since the average market price during the year was $50, if exercised, the employee would receive $10 and the company wouldd receive $40. Compute the number of shares to be used in determining diluting earnings per share for 2018.
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