Question
On December 31, 2015, Emmanuel Company had 72,000 shares of common stock issued and outstanding. Emmanuel issued a 10% stock dividend on June 30, 2016.
On December 31, 2015, Emmanuel Company had 72,000 shares of common stock issued and outstanding. Emmanuel issued a 10% stock dividend on June 30, 2016. On August 1, 2016, 42,000 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?
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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
