Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. niles company granted 27 million of its no par com

Niles Company granted 27 million of its no par common shares to executives, subject to...

70.2K

Verified Solution

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!
Become a Member

Other questions asked by students

Physics
1.2K views

if a galaxy is tilted 45 degrees to my line of sight then how much does...

Physics
1.2K views

Two blocks of masses 1 kg and 3 kg are moving with velocities 2 m...

Physics
1.2K views

I CH 4 CH C CH and H I CH 40 The most stable carbocation...

Basic Math
1.2K views

In this problem we prove the following statement Let A B be sets in a...

Basic Math
1.2K views

Which pair of variables can't be represented on a scatter plot? Circle the answer. Write...

Statistics
1.2K views

Two years ago a public health researcher found that 14 of American teens regularly vaped...

Accounting
1.2K views

Amour Comparty tresied as a deporinat? M.riple Choice Moretily becaune new companies do...

Accounting
1.2K views

Contact Support 100% Remaining Time: 27 minutes, 22 seconds. = Question Completion Status: QUESTION 14...

Accounting
1.2K views

Create an internal memo to manager to address what categories of inventory FitBit shows in...

Accounting
1.2K views

On January 1 of the current year, Ola Company paid $405,000 for a $400,000 face...

Accounting
1.2K views

AccessUH 1 Chapter 5: Applying Excel 3 Data 4 Unit sales 5 Selling price per...

Finance
1.2K views

Which of the following would increase a company's cash from working capital? Select all that...