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Computing EPS: Restricted Stock Awards West Inc. granted 3,000 shares of restricted common stock shares at the beginning
Posted: Wed May 04, 2022 6:19 am
by answerhappygod
- Computing Eps Restricted Stock Awards West Inc Granted 3 000 Shares Of Restricted Common Stock Shares At The Beginning 1 (62.36 KiB) Viewed 18 times
Computing EPS: Restricted Stock Awards West Inc. granted 3,000 shares of restricted common stock shares at the beginning of 2020 to company managers that will vest after 4 years of service. Net income for the year is $252,000, and 150,000 common shares were outstanding the entire year. The fair value of the shares on January 1, 2020, is $25 per share. The average market price of common shares in 2020 is $25 per share. a. Compute basic earnings per share. b. Compute diluted earnings per share. Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny. Net Income Available to Weighted Avg. Common Common Stockholders Per Share Shares Outstanding Basic EPS $ 252,000 ✓ 150,000 $ 1.68 ✔ Diluted EPS $ 252,000 ✓ 0 x $ 0 x