Multiple Choice
LASTEPS Co.had granted 20,000 options to buy one common share at $10 per share several years ago.The company earned $200,000 this year and had 300,000 common shares outstanding the entire year.The company earns interest at 8% and has a 40% tax rate.Given only the above information, what are basic EPS and diluted EPS respectively that should be reported? (Rounded to the nearest cent)
A) Only basic EPS need be reported
B) $0.63; $0.62
C) $0.67; $0.66
D) $0.65; $0.64
E) $0.65; $0.63
Correct Answer:
Verified
Correct Answer:
Verified
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