As part of its executive compensation plan, Vertovec Inc. granted 45,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1, 2021. Net income for 2021 was $360,000. Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) Numerator Basic $ Diluted $ 360 360 1 Answer is not complete. Denominator 450 = = Earnings per Share 0.80 0 $ 1
As part of its executive compensation plan, Vertovec Inc. granted 45,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1, 2021. Net income for 2021 was $360,000. Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) Numerator Basic $ Diluted $ 360 360 1 Answer is not complete. Denominator 450 = = Earnings per Share 0.80 0 $ 1
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 5CE
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Transcribed Image Text:As part of its executive compensation plan, Vertovec Inc. granted 45,000 of its no-par common shares to executives, subject to
forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January
1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 450,000 shares were outstanding at January 1,
2021. Net income for 2021 was $360,000.
Required:
Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.)
Basic
Diluted
Numerator
$
$
360
360
11
Answer is not complete.
Denominator B
450 =
Earnings per Share
0.80
0
$
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