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34. Gear 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%
34. Gear 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?
A. 5,500,000. B. 4,210,000. C. 5,303,750. D. 5,050,000.
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