a company has 400,000 shares of common stock issues and outstanding on january 1 year 1 and had the following equity transactions got year 2

Question 3 3 pt: A company had 400,000 shares of common stock issued and outstanding on January 1, Year 1, and had the following equity transactions for Year 2: Transaction Date Date Issued 200,000 new shares for cash April 1 Issued new shares as a result of 5% stock dividend July 1 Purchased 300,000 shares treasury stock for cash October 1 What should the company use as the denominator for the calculation of basic earnings per share for year ended December 31, Year 2? 502,500 498,750 1,575,000 352,500 MAR 11 IIG