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Stanley Corp. had 100000 shares of common stock outstanding throughout 2004. It also had 20000 stock options with an exercise price of $ 20 and another 20000 options with an exercise price of $ 28. The average market price for the company’ s stock was $ 25 throughout the year. The stock closed at $ 30 on December 31,2004. What are the number of shares used to calculate diluted earnings per share for the year
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Are the following statements about copyrights and patents acquired from an independent third party, correct or incorrect Statement 1: Copyrights and patents are tangible assets that can be separately identified. Statement 2: Purchased copyrights and patents are amortized on a straight line basis over 30 years. Statement 1 Statement 2 ①A. Incorrect Correct ②B. Correct Incorrect ③C. Incorrect Incorrect
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