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43. MMM Inc. had 5,000 shares outstanding on January 1, 2006. MMM Inc. issued 8,000 shares on May 1 and an additional 9,000 shares on

43. MMM Inc. had 5,000 shares outstanding on January 1, 2006. MMM Inc. issued 8,000 shares on May 1 and an additional 9,000 shares on August 1, 2006. How many shares will be used to calculated earnings per share ( 2006).

A) 5,000

B) 14,083

C) 15,225

D) 15,301

E) 22,000

Answer: B Difficulty: Medium

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