Solved: Determine diluted earnings per share, Accounting Basics

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Determine diluted earnings per share

Question: B Company had 400,000 shares of common stock outstanding during the year 2008. In addition, at December 31, 2008, 90,000 shares were issuable upon exercise of executive stock options which require a $40 cash payment upon exercise (options granted in 2006). The average market price during 2008 was $50.

Can you please tell me the number of shares I would use to determine diluted earnings per share for 2008?

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Accounting Basics: Determine diluted earnings per share

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