Multiple Choice
Warrants exercisable at $20 each to obtain 20,000 shares of common stock were outstanding during a period when the average and year-end market price of the common stock was $25. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted-average number of outstanding common shares by
A) 20,000.
B) 16,667.
C) 16,000.
D) 4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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