Major Corporation had 40,000 shares of common stock outstanding during 2019 with the following characteristics:                 Par value per share $10                   Average market value per share $50              Market value per share on 12/31/2016  $         60                       The company also has compensatory share options to purchase 5,000 shares of common stock at $40 a share during the year. The unrecognized compensation cost (net of tax) related to these share options is $5 per share. Net income for the year was $75,000.                         Required:               Compute the basic and diluted earnings per share for Major Corporation

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.