Question
On December 31, 2015, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 5% stock dividend on June 30, 2016.
On December 31, 2015, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 5% stock dividend on June 30, 2016. On September 30, 2016, 32,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2016?
A. 369,600
B. 336,000
C. 344,000
D. 328,000
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Auditing Assurance Services And Forensics A Comprehensive Approach
Authors: Felix I. Lessambo
1st Edition
3319905201, 9783319905204
