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werstlingbum werstlingbum
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6 years ago
Colselo has 200,000 common shares outstanding for the year and net income of $400,000.  It has issued options to acquire 20,000 shares of common stock and has 20,000 shares of $100, 6% cumulative preferred stock, both of which were outstanding for the entire year. Compute basic and diluted EPS.
A) basic EPS $2.00; diluted EPS $1.82
B) basic EPS $2.00; diluted EPS $1.27
C) basic EPS $1.40; diluted EPS $1.27
D) basic EPS $1.40; diluted EPS $1.82
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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macbookpro1macbookpro1
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werstlingbum Author
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#2
6 years ago
I'm still confused, but thanks for answering correctly
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