ordinary shares and outstanding at December 31, 2021. On July 1, 2022, an additional 40,000 shares were issued for cash. Foyle also had unexercised share options to purchase 32,000 ordinary shares at £15 per share outstanding at the beginning and end of 2022. The average market price of Foyle's ordinary shares was £20 during 2022. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2022?

ordinary shares and outstanding at December 31, 2021. On July 1, 2022, an additional 40,000 shares were issued for cash. Foyle also had unexercised share options to purchase 32,000 ordinary shares at £15 per share outstanding at the beginning and end of 2022. The average market price of Foyle's ordinary shares was £20 during 2022. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2022?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 10MC

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