单选题 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?

A. 105000.
B. 110000.
C. 104000.

【正确答案】 C

【答案解析】Only the stock options with an exercise price of $ 20 are dilutive. The additional shares of 4000-(20000[(20000×20)/25 ] ) are added to the 100000 common shares outstanding.