result shared for "on december 31 2010 brisbane company had 100,000 shares of common stock outstanding and 30000 shares of 7%, $50 par, cumulative preferred stock outstanding. on february 28, 2011, brisbane purchased 24000 shares of common stock on the open market as treasury stock paying $40 per share. brisbane sold 6000 treasury shares on september 30, 2011, for $45 per share. net income for 2011 was $180,905. also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 50000 common shares at $40. the market price of the common shares averaged $50 during 2011. compute brisbane's basic and diluted earnings per share for 2011"
This question was answered on: May 23, 2022
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