Fx services granted 170 million of its 1 par common shares, Ask an Expert

Accounting

FX Services granted 17.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $7 per share on the grant date. Ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives? (Round your answer to 1 decimal place.)

$ 29.8 million.

$ 0 million.

$ 17.0 million.

$ 119.0 million.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92021516

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