Question
Fuerman Incorporated had the following common stock record during the current calendar year: Outstanding, beginning of year 2,300,000 Additional shares issued 6/30 130,000 Additional shares
Fuerman Incorporated had the following common stock record during the current calendar year:
| Outstanding, beginning of year | 2,300,000 |
|---|---|
| Additional shares issued 6/30 | 130,000 |
| Additional shares issued 9/30 | 130,000 |
A 12% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
