Question
1. Ace Corporation had the following common stock record during the current calendar year: Outstanding-January 1 100,000 Additional shares issued 3/31 5,000,000 Distributed a 10%
1. Ace Corporation had the following common stock record during the current calendar year:
Outstanding-January 1 100,000
Additional shares issued 3/31
5,000,000
Distributed a 10% stock dividend on 6/30
Shares reacquired 9/30 100,000
What is the number of shares to be used in computing basic EPS?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
