Question
On 12/31/2016, Admiral Nelson Co. had 300,000 shares of common stock issued and outstanding. Admiral issued a 10% stock dividend on 6/30/2017. On 9/30/2017, 12,000
On 12/31/2016, Admiral Nelson Co. had 300,000 shares of common stock issued and outstanding. Admiral issued a 10% stock dividend on 6/30/2017. On 9/30/2017, 12,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in calculating basic earnings per share for 2017? A) 303,000. B) 342,000. C) 312,000. D) 327,000.
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
