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16. During fiscal 2011, Abercrombie & Fitch reported the exercise of 1,573,351 shares at a weighted- average exercise price of $29.62. If Abercrombie's stock was
16. During fiscal 2011, Abercrombie & Fitch reported the exercise of 1,573,351 shares at a weighted- average exercise price of $29.62. If Abercrombie's stock was trading at $59.64 in January and $18.31 in December, which of the following details an impact of this transaction on Abercrombie's accounts? a. A decrease of $46,602,657 to additional paid-in capital. b. An increase of $61,321,377 to cash. c. A decrease of $93,834,654 to additional paid-in capital. d. An increase of $46,602,657 to cash. e. A decrease of $47,231,997 to cash
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