Question
On December 31, 2010 Credence Company had 600,000 shares of common stock issued and outstanding. Credence issued a 0.11 percent stock dividend on July 1.
On December 31, 2010 Credence Company had 600,000 shares of common stock issued and outstanding. Credence issued a 0.11 percent stock dividend on July 1. 2011. On October 1, 2011Credence reacquired 54000 shares of its common stock. on December 1, Credence made a 3:1 stock split . What number of shares should be used in computing basic earnings per share for the year ended December 31, 2011
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
