Krane,IncReported Net Income (Amounts in Thousands)of $619,700 for Year 4

question 23

Essay

Krane,Inc.reported net income (amounts in thousands)of $619,700 for Year 4.The weighted average of common shares outstanding during Year 4 was 468,810 shares.Krane Inc.,subtracted interest expense net of tax saving on convertible debt of $4,820.If the convertible debt had been converted into common stock,it would have increased the weighted average common shares outstanding by 20,905 shares.Krane Inc.,has outstanding stock options that,if exercised,would increase the weighted average of common shares outstanding by 7,335 shares.
REQUIRED:
Compute basic and diluted earnings per share for Year 4,showing supporting computations.

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Definitions:

Networker

A person who actively seeks to establish and maintain beneficial business relationships and connections.

Conversational Stance

An approach or attitude taken during communication that fosters open dialogue and understanding, often seen in effective marketing and customer service.

Mentor

An experienced and trusted adviser who provides guidance, support, and advice to less experienced individuals or mentees.

Networking Events

Gatherings specifically designed for the purpose of bringing together people from various professional backgrounds to establish and develop business connections.