Venz companys net income for 20x1 is 50000. the only, Ask an Expert

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Venz Company's net income for 20x1 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 20x0, each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 20x1. The average market price of Venz's stock during 20x1 was $20.

1) Compute diluted EPS for 20x1.

2) Assume the same facts as those for Part 1), except that the 1,000 options were issued on October 1, 20x1 (rather than in 20x0).

The average market price during the last three months of 20x1 was $20.

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Category:- Accounting Basics
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