Question
1.The following information pertains to Demich Company's outstanding stock for 2020: Common Stock, $1 Par Shares Outstanding , 1/1/201910,000 2 for 1 stock split, 4/1/201910,000
1.The following information pertains to Demich Company's outstanding stock for 2020:
Common Stock, $1 Par
Shares Outstanding , 1/1/201910,000
2 for 1 stock split, 4/1/201910,000
Shares Issued, 7/1/20195,000
Preferred Stock, $100 par, 7% cumulative
Shares outstanding, 1/1/20194,000
What is the number of shares Demich should use to calculate 2020 basic earnings per share?
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
