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Campbell Co. granted options on January 1, 2021, that permit executives to purchase 32 million of the company's $1 par common shares. The options vest
Campbell Co. granted options on January 1, 2021, that permit executives to purchase 32 million of the company's $1 par common shares. The options vest on December 31, 2023. The exercise price is the market price of the shares on the date of grant, $20 per share. The fair value of the options is $6 per option. No forfeitures are anticipated. The options are exercised on April 2, 2024, when the market price is $23 per share. By what amount will Campbell Co.'s shareholder's equity be increased when the options are exercised?
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