Connect CSecure https//newconnect.mheducation.com/flow/connect.html Ch. 19 - Bri

Question

Connect CSecure https//newconnect.mheducation.com/flow/connect.html Ch. 19 - Brief Exercises (80 minutes) Saved Help Save & Exlt Submlt 3 Check my work 16 Brief Exercise 19-16 EPS; restricted stock award [L019-11] 6.25 points Niles Company granted 42 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $14 per share on January 1, 2017, the grant date of the restricted stock award. When calculating diluted EPS at December 31, 2018, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $14 per share during 2018? (Enter your answer in millions of shares (ie., 10,000,000 should be entered as 10).) eBook References et increase in the denominator million shares Mc Graw Hill ?Prey 16 of 16 ? Next > ???@) a a e 8:35 PM ^??4, 4/17/2018 |

Explanation / Answer

EXPLANATION --- Net increase in the denominator = 28 Million shares

Calculation -- (42 million shares / 3)   x    2

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