None As part of its executive compensation plan, Vertovec Incorporated granted 54,000 of its no-par common shares to executives.subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $15 pershare on January 1, 2023, the grant date of the restricted stock award, as well as on December 31, 2024, 475.000 shares wereoutstanding at January 1, 2024. Net income for 2024 was $380,000Required:Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2024Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10).NumeratorDenominator = Earnings per ShareBasicDiluted

Earnings Per Shares -A financial statistic known as earnings per share, or EPS, is calculated by…

As part of its executive compensation plan, Vertovec Incorporated granted 54,000 of its no-par common shares to executives subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $15 pe share on January 1, 2023, the grant date of the restricted stock award, as well as on December 31, 2024, 475.000 shares wer outstanding at January 1, 2024. Net income for 2024 was $380,000 Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2024 Note: Do not round intermediate calculations. Enter your answers in thousands (.e., 10,000 should be entered as 10). Numerator Basic Denominator Earnings per Share

As part of its executive compensation plan, Vertovec Incorporated granted 54,000 of its no-par common shares to executives subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $15 pe share on January 1, 2023, the grant date of the restricted stock award, as well as on December 31, 2024, 475.000 shares wer outstanding at January 1, 2024. Net income for 2024 was $380,000 Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2024 Note: Do not round intermediate calculations. Enter your answers in thousands (.e., 10,000 should be entered as 10). Numerator Basic Denominator Earnings per Share

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 23E

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