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Mellokkhaos Mellokkhaos
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6 years ago
McManus Inc. reported net earnings of $200,000 for the year.  McManus has 200,000 shares of common stock outstanding all year. On March 31, the company granted 40,000 stock options that allow employees to purchase shares for $15 each.  The company stock has averaged $20 in the market during the year. Compute the basic and diluted EPS.
A) basic EPS $1.00; diluted EPS $0.95
B) basic EPS $1.00; diluted EPS $1.00
C) basic EPS $1.00; diluted EPS $0.96
D) basic EPS$0.96; diluted EPS $0.96
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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nsaknsak
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Mellokkhaos Author
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#2
6 years ago
Thank you
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