Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Oriole Company report for diluted earnings per share for the year ended 2021?
Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Oriole Company report for diluted earnings per share for the year ended 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Oriole Company report for diluted earnings per share for the year ended 2021?
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