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Fremantle Brewing Inc. recently purchased Perth Corp. One of the terms of the merger was that if Perth’s income for 2025 was $500,000 or more, 100,000 additional shares would be issued to Perth’s stockholders in 2026. Perth’s income for 2025 was $480,000. a. Would the contingent shares have to be considered in Fremantle’s 2025 earnings per share computations? b. Assume the same facts, except that Perth’s income for 2025 was $510,000. Would the contingent shares have to be considered in Fremantle’s earnings per share computations for 2025?

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