Centurion,Inc.has four potentially dilutive securities.Net income for the year is $900,000 and the weighted average common shares outstanding is 600,000 shares.Computation of the antidilution sequencing recorded the following:
Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the EPS computation.Compute final diluted EPS and show all computations to determine your final answer.

Question

Centurion,Inc.has four potentially dilutive securities.Net income for the year is $900,000 and the weighted average common shares outstanding is 600,000 shares.Computation of the antidilution sequencing recorded the following:
  Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the EPS computation.Compute final diluted EPS and show all computations to determine your final answer.

Quizplus · Accepted Answer

The Answer of Centurion,Inc.has four potentially dilutive securities.Net income for the year is $900,000 and the weighted average common shares outstanding is 600,000 shares.Computation of the antidilution sequencing recorded the following:
  Required: Write the basic equation for EPS and compute basic EPS.Determine the order of entry into the EPS computation.Compute final diluted EPS and show all computations to determine your final answer.