Fx services granted 15 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years.
the common shares have a market price of $8 per share on the grant date.

ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives? a. $0.b. $15 million. c. $40 million. d. $120 million.

How is the division of labor accomplished?

Emil motycka is considered an entrepreneur because

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.