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What number of share to be used in computing diluted earning

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Reference no: EM132928866

Problem 1: Crane Company had 1,000,000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1,000,000 shares were issued for cash. Crane also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 290000 shares of common stock at $21 per share. The average market price of Crane's common stock was $28 during 2021. The number of shares to be used in computing diluted earnings per share for 2021 is:

Option 1: 2252500
Option 2: 1752500
Option 3: 1572500
Option 4: 2072500

Reference no: EM132928866

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