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Bedard corporation reported net income of 300000 in 2010

1. Bedard Corporation reported net income of $300,000 in 2010 and had 200,000 shares of common stock outstanding throughout the year. Also outstanding all year were 45,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share.

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Accounting Basics: Bedard corporation reported net income of 300000 in 2010

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