Glavin Limited purchased 40,000 call options during the year. The options give the company the right to

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Glavin Limited purchased 40,000 call options during the year. The options give the company the right to buy its own common shares for $9 each. The average market price during the year was $12 per share. Calculate the incremental shares outstanding for Glavin Limited?
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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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