Answered step by step
Verified Expert Solution
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
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.
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started