Business, 05.05.2020 05:04 janeou17xn
StarStruck Inc. granted 2,000 shares of restricted stock (common shares, $1 par) to its president on January 1, 2020, when the stock was trading at $40 per share. Net income for 2020 was $1,025,000 and 160,000 shares were outstanding throughout 2020. On average, the fair value of common shares in 2020 was $40 per share. The restricted shares vest after 3 years if the president remains with the company.
Required:
a. Compute basic EPS.
b. Compute diluted EPS.
• Note: Round weighted average common shares outstanding to the nearest whole number.
• Note: Round earnings per share amount to two decimal places.
Answers: 2
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StarStruck Inc. granted 2,000 shares of restricted stock (common shares, $1 par) to its president on...
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