Question
January 1, 2018, Albacore Company had 310,000 shares of its common stock issued and outstanding. Albacore issued a 7% stock dividend on July 1, 2018.
January 1, 2018, Albacore Company had 310,000 shares of its common stock issued and outstanding. Albacore issued a 7% stock dividend on July 1, 2018. On October 1, 2018, Albacore retired 11,000 of its common shares. When calculating basic earnings per share for 2018, what is the appropriate number of shares for Albacore to use in the denominator of the EPS fraction?
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
