Question
Crane Limited purchased 38,100 call options during the year. The options give the company the right to buy its own common shares for $8 each.
Crane Limited purchased 38,100 call options during the year. The options give the company the right to buy its own common shares for $8 each. The average market price during the year was $13 per share. Calculate the incremental shares outstanding for Crane Limited.
| Incremental shares outstanding: | _______________________________________________ |
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant Datar, Madhav Rajan
17th Global Edition
129236307X, 9781292363073
