Question 9 As part of its executive compensation plan, Vertovec Inc. granted 60,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021.550,000 shares were outstanding at January 1, 2021. Net income for 2021 was $220,000. 10 points Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) eBook Numerator Denominator Earnings per Share Basic 1 Diluted 1 Print References

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Transcribed Image Text: 9 As part of its executive compensation plan, Vertovec Inc. granted 60,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021.550,000 shares were outstanding at January 1, 2021. Net income for 2021 was $220,000. 10 points Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) eBook Numerator Denominator Earnings per Share Basic 1 Diluted 1 Print References
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Transcribed Image Text: 9 As part of its executive compensation plan, Vertovec Inc. granted 60,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021.550,000 shares were outstanding at January 1, 2021. Net income for 2021 was $220,000. 10 points Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) eBook Numerator Denominator Earnings per Share Basic 1 Diluted 1 Print References
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Ans.   Numerator / Denominator = Earnings per share  Basic 220,000 ... See the full answer