Question
On December 1 of the current year, Devon Co. declared and issued a 6% stock dividend onits 100,000 shares of outstanding common stock. There was
On December 1 of the current year, Devon Co. declared and issued a 6% stock dividend onits 100,000 shares of outstanding common stock. There was no other common stock activity during the year. what number of shares should Devon use in determining basic earnings per share for the current year?
a. 103,000
b. 106,000
c. 100,000
d. 100,500
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Financial And Management Accounting An Introduction
Authors: Pauline Weetman
8th Edition
1292244410, 978-1292244419
