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    As of January 1 2015 Anvil Corporation Had 25 000 Shares

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    Muhammad Shahid
    Anvil Corporation had 25,000 shares of common stock outstanding as of January 1, 2015. In 2013, the company issued stock options to management to acquire 4,000 shares of common stock at $12 per share. On September 1, 2015, options to acquire 1,500 shares were exercised at the exercise price of $12 per share, with the remaining 2,500 options still outstanding. The company reported income before taxes of $142,400 and an extraordinary gain of $21,000, net of taxes for 2015.

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    As of January 1 2015 Anvil Corporation Had 25 000 Shares

    Uploaded by

    Muhammad Shahid
    9 views1 page
    Anvil Corporation had 25,000 shares of common stock outstanding as of January 1, 2015. In 2013, the company issued stock options to management to acquire 4,000 shares of common stock at $12 per share. On September 1, 2015, options to acquire 1,500 shares were exercised at the exercise price of $12 per share, with the remaining 2,500 options still outstanding. The company reported income before taxes of $142,400 and an extraordinary gain of $21,000, net of taxes for 2015.

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    As of January 1 2015 Anvil Corporation Had 25 000 Shares

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    Anvil Corporation had 25,000 shares of common stock outstanding as of January 1, 2015. In 2013, the company issued stock options to management to acquire 4,000 shares of common stock at $12 per share. On September 1, 2015, options to acquire 1,500 shares were exercised at the exercise price of $12 per share, with the remaining 2,500 options still outstanding. The company reported income before taxes of $142,400 and an extraordinary gain of $21,000, net of taxes for 2015.

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    9 views1 page

    As of January 1 2015 Anvil Corporation Had 25 000 Shares

    Uploaded by

    Muhammad Shahid
    Anvil Corporation had 25,000 shares of common stock outstanding as of January 1, 2015. In 2013, the company issued stock options to management to acquire 4,000 shares of common stock at $12 per share. On September 1, 2015, options to acquire 1,500 shares were exercised at the exercise price of $12 per share, with the remaining 2,500 options still outstanding. The company reported income before taxes of $142,400 and an extraordinary gain of $21,000, net of taxes for 2015.

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    © All Rights Reserved
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    As of January 1 2015 Anvil Corporation had 25 000 shares

    #6510
    As of January 1, 2015, Anvil Corporation had 25,000 shares of $10 par common stock
    outstanding. The company had issued stock options in 2013 to its management personnel,
    permitting them to acquire 4,000 shares of common stock at $12 per share. At the time of the
    issuance, common stock was selling for $12 per share. The market price of common stock was
    $25 on September 1, 2015, and the average price for 2015 was $27. Income before
    extraordinary items for 2015 was $142,400. The company also had an extraordinary gain of
    $21,000, net of taxes. Terms of the options make them currently exercisable. On September 1,
    2015, options to acquire 1,500 shares were exercised. The other 2,500 options are still
    outstanding at December 31, 2015.Instructions:Compute basic and diluted EPS for the year
    ended December 31, 2015.View Solution:
    As of January 1 2015 Anvil Corporation had 25 000 shares

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    http://paperinstant.com/downloads/as-of-january-1-2015-anvil-corporation-had-25-000-shares/

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