1) The following information pertains to J Company's outstanding stock for 2021:

Common stock, $1 par
Shares outstanding, 1/1/2021	19,500
2 for 1 stock split, 4/1/2021	19,500
Shares issued, 7/1/2021	6,900
Preferred stock, $100 par, 6% cumulative
Shares outstanding, 1/1/2021	5,900

What is the number of shares J should use to calculate 2021 basic earnings per share?

Multiple Choice

• 39,000.

• 42,450.

• 45,900.

• 48,850.

2)On December 31, 2020, Beta Company had 250,000 shares of common stock issued and outstanding. Beta issued a 6% stock dividend on June 30, 2021. On September 30, 2021, 31,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2021?

Multiple Choice

• 272,750.

• 265,000.

• 257,250.

• 297,860.

Dublin Inc. had the following common stock record during the current calendar year:

Outstanding, beginning of year	2,600,000
Additional shares issued 6/30	160,000
Additional shares issued 9/30	160,000

A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?

Multiple Choice

• 2,720,000.

• 2,992,000.

• 2,948,000.

• 3,036,000.