Question
30,000 warrants exercisable as $20 each were outstanding during a period when the average market price of the common stock was $25. Each warrant entitles
30,000 warrants exercisable as $20 each were outstanding during a period when the average market price of the common stock was $25. Each warrant entitles the holder to one share of common stock. When calculating diluted earnings per share what is the number of shares to be added to the Diluted EPS Denominator as a result of these warrants
A) 6,000
B) 7,500
C )24,000
D) 30,000
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
