Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2022, siewart, inc. granted 17.0 mil

On January 1, 2022, Siewart, Inc. granted 17.0 million of its $1 par common shares...

70.2K

Verified Solution

Question

Accounting

On January 1, 2022, Siewart, Inc. granted 17.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $9 per share on the grant date. Ignoring taxes, and assuming that Siewart has a December 31st year end, what is the effect of this grant on Siewart's 2023 earnings? (Round your answer to 1 decimal place.)

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

Accounting
1.2K views

DATA SECTION: For the Month Ended November 30, 2017 Balance Balance November 1 November 30 Raw Material Inventory $...

Statistics
1.2K views

It has long been stated that the mean temperature of humans is 98.6 degrees F. ​However,...

Chemistry
1.2K views

Suggest at least 3 solutes for each of these solvents that shows the maximum freezing point...

Chemistry
1.2K views

Calculate the mass (in  g) of each sample. 6.31×1020 SO3 molecules​ 2.4×1022 H2O molecules​ 4.6×1025 O3 molecules​ 9.85×1019 CCl2F2 molecules​

Biology
1.2K views

Use the following passage to answer the next three questions has been hypothesised that people...

Physics
1.2K views

40 A coil having n turns and resistance R is connected with a galvanometer of...

Geometry
1.2K views

In Exercises 19 to 26 use the drawing in which AC intersects DB at point...

Statistics
1.2K views

5 Canadian Attitudes toward Guns Canada has much stronger gun control laws than the United...

Algebra
1.2K views

Identify the missing number without using a calculator If no number makes the statement true...

Accounting
1.2K views

Guitar Universe, Inc., is a popular source of musical...

Accounting
1.2K views

3. Welfare effects of a tariff in a small country Suppose Venezuela is open to...

Finance
1.2K views

10. Using foreign exchange derivatives Mobile Insurance Company (a U.S.based company) plans to invest about...