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Best Company had 1,000 common shares issued and outstanding at January 1. During the year, it also had the common stock transactions listed below. April
Best Company had 1,000 common shares issued and outstanding at January 1. During the year, it also had the common stock transactions listed below. April 1 May 1 July 1 August 1 Issued 300 previously unissued shares Split the stock 2-for-1 Purchased 300 shares for treasury stock Distributed a 20 percent stock dividend Given this information, what is the weighted-average number of shares that Best should use for earnings per share purposes? 2,880 2,640 2,820 2,760
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