As part of its executive compensation plan, Vertovec Inc. granted 45,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1, 2021. Net income for 2021 was $360,000. Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) Numerator Basic $ Diluted $ 360 360 1 Answer is not complete. Denominator 450 = = Earnings per Share 0.80 0 $ 1

As part of its executive compensation plan, Vertovec Inc. granted 45,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1, 2021. Net income for 2021 was $360,000. Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) Numerator Basic $ Diluted $ 360 360 1 Answer is not complete. Denominator 450 = = Earnings per Share 0.80 0 $ 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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