Razi Co. had net income for 2021 of $300,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the ordinary shares during the year was $36. What should Razi Co, report for diluted earnings per share for the year ended 2021? Select one: a.$1.50 $1.49 C.$1.42 d.1.43
Razi Co. had net income for 2021 of $300,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the ordinary shares during the year was $36. What should Razi Co, report for diluted earnings per share for the year ended 2021? Select one: a.$1.50 $1.49 C.$1.42 d.1.43
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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- Razi Co. had net income for 2021 of $300,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the ordinary shares during the year was $36. What should Razi Co, report for diluted earnings per share for the year ended 2021?
Select one:
a.$1.50
- $1.49
C.$1.42
d.1.43
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