Fenton co had net income for 2014 of 400000 the average, Ask an Expert

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Fenton Co. had net income for 2014 of $400,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the common stock during the year was $36. What should Fenton Co. report for diluted earnings per share for the year ended 2014?

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Category:- Accounting Basics
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