FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Niles Company granted 9 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 $5 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 $5 per
share during 2018?

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