Question
Computing Weighted-Average Common Shares On January 1, Case Inc. had 300,000 shares of common stock issued and outstanding. Case issued a 10% stock dividend
Computing Weighted-Average Common Shares On January 1, Case Inc. had 300,000 shares of common stock issued and outstanding. Case issued a 10% stock dividend on July 1. On October 1, Case purchased 24,000 shares of its common stock for the treasury. What is the number of shares that should be used in computing basic earnings per share for the year ended December 31? Actual Shares Stock Dividend Inclusive Dates Outstanding or Stock Split Retroactive Restatement for Equivalent Shares Weighted Months Avg. Shares Outstanding Outstanding Outstanding January-June 0 0 0 0 0 July-September 0 0 0 0 0 October-December 0 0 0 0 0 0 The number of shares for the basic EPS calculation is 0
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