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tstanding all year were 21,000 (written) options to purchase common shares at $10 per share. The average market price for the n shares during the year was $15 per share.

tstanding all year were 21,000 (written) options to purchase common shares at $10 per share. The average market price for the n shares during the year was $15 per share.

FINANCIAL ACCOUNTING
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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Blossom Corporation reported net income of $296,640 in 2023 and had 199,000 common shares outstanding throughout the year. Also outstanding all year were 21,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $
Transcribed Image Text:Blossom Corporation reported net income of $296,640 in 2023 and had 199,000 common shares outstanding throughout the year. Also outstanding all year were 21,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $
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