Question
Hello, can someone please explain to me how they got the answer to the below question? The following information is available for Barone Corporation: January
Hello, can someone please explain to me how they got the answer to the below question?
The following information is available for Barone Corporation:
January 1, 2015 Shares outstanding 2,000
April 1, 2015 Shares issued 320,000
July 1, 2015 Treasury shares purchased 120,000
October 1, 2015 Shares issued in a 100% stock dividend 2,200
The number of shares to be used in computing earnings per common share for 2015 is
a. 4,520,800.
b. 4,380,000.
c. 4,360,000.
d. 2,730,000.
[(2,000,000 3 2) + (2,320,000 3 2) + (2,200,000 3 2)
+ (4,400,000 3)] 12 = 4,360,000
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