Calculate the weighted average shares for EPS purposes if a firm started the year with 125 common shares outstanding, issued 50 common shares March 1, split 3 for 1 on April 1, purchased and retired 40 shares on July 1, and issued 120 shares under a stock option plan on December 1. Round your answer up to the nearest whole number(no decimal places). Numeric Response The correction of a prior period error is required when: Multiple Choice There is a change in the fair value of a financial instrument in the subsequent year. The company adopts the FIFO method of reporting inventory when immaterial inventory items were expensed in prior years. The calculation of the warranty liabilities was missed for the prior year. The company adopted a new revised standard