Smith Corporation had 30,000 shares of common stock outstanding during the year. In addition, there were compensatory share options to purchase 3,000 shares of common stock at $20 a share outstanding the entire year. The average market price for the common stock during the year was $36 a share. The unrecognized compensation cost (net of tax) relating to these options was $4 a share. What is the
denominator to compute the diluted earnings per share?
A) 31,000
B) 31,333
C) 31,667
D) 33,000
A
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If a message is likely to displease the receiver, write the paragraph:
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a. True b. False
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