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Crane Inc. uses a calendar year for financial reporting. The company is authorized to issue 8 , 4 9 0 , 0 0 0 shares
Crane Inc. uses a calendar year for financial reporting. The company is authorized to issue shares of $ par common stock.
At no time has Crane issued any potentially dilutive securities Listed below is a summary of Crane's common stock activities.
Number of common shares issued and outstanding at December
Shares issued as a result of a stock dividend on September
Shares issued for cash on March
Number of common shares issued and outstanding at December
Afor stock split of Crane's common stock took place on March
a
Your answer is correct.
Compute the weightedaverage number of common shares used in computing earnings per common share for on the
comparative income statement.
shares
eTextbook and Media
Attempts: of used
b
Your answer is incorrect.
Compute the weightedaverage number of common shares used in computing earnings per common share for on the
comparative income statement.
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