Answered: Application of the treasury stock…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Warrants exercisable at P20 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 P25. 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

Choices;

20,000.

16,667.

16,000.

4,000.

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