Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kim Securities Inc. (KSI), listed on the New York Stock Exchange had 1,000,000 average shares outstanding during all of 2019. During 2019, KSI also had

image text in transcribed
Kim Securities Inc. (KSI), listed on the New York Stock Exchange had 1,000,000 average shares outstanding during all of 2019. During 2019, KSI also had 10,000 options outstanding with exercise prices of $10 each. The average stock price of KSI during 2019 was $15. For the purposes of computing diluted earnings per share, how many shares would be used in the denominator? A) 1,003,333. B) 1,006,667. I C) 1,010,000 D) 1,101,000 E) None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

6th Edition

1264101589, 9781264101580

More Books

Students also viewed these Finance questions

Question

4. What is a summarization filter?

Answered: 1 week ago