How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Linda_us Your Own Question

Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7291
Experience:  Post Graduate Diploma in Management (MBA)
Type Your Homework Question Here...
Linda_us is online now
A new question is answered every 9 seconds

Simpson Corporation computed its diluted earnings per share

Resolved Question:

Simpson Corporation computed its diluted earnings per share for the year ended September 30, 20X2. The company had 200,000 shares outstanding at the beginning of the year, issued 60,000 shares at April 1, X2, and reacquired 2,000 shares to be held in its treasury on July 1, 20X2. The company also had 2,000 options outstanding exercisable at $40 per share. The average market price of Simpson's shares during the year was $50. The common stock equivalents added to the company's weighted average shares outstanding used for basic earnings per share was computed using the treasury stock method. How many additional shares would Simpson include in its diluted earnings per share calculation?

a. 0
b. 400
c. 1,200
d. 1,600
Submitted: 7 years ago.
Category: Homework
Expert:  Linda_us replied 7 years ago.

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Linda_us and 2 other Homework Specialists are ready to help you

Related Homework Questions