Niles Company granted 27 million of its no par common shares to executives, subject to...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Niles Company granted 27 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $9 per share on January 1, 2012, the grant date. When calculating diluted EPS at December 31, 2013, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $9 per share during 2013? (Enter your answer in millions of shares.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
