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Computing EPS: Restricted Stock Awards West Inc. granted 5,000 shares of restricted common stock shares at...
Computing EPS: Restricted Stock Awards
West Inc. granted 5,000 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 $360,000, and 250,000 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: Round per share amounts to two decimal places.
| Net Income Available to Common Stockholders |
Weighted Avg. Common Shares Outstanding |
Per Share |
|
|---|---|---|---|
| Basic EPS | Answer | Answer | Answer |
| Diluted EPS | Answer | Answer | Answer |
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ekkarill92 answered 1 year agoRelated Solutions
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