Question
On December 31, 2019, Company A had had 5,400 shares of common stock issued and outstanding. Company A issued a 10% stock dividend on June
On December 31, 2019, Company A had had 5,400 shares of common stock issued and outstanding. Company A issued a 10% stock dividend on June 30, 2020. On October 31, 2020, 900 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 2020?
Group of answer choices
5,400
5,790
6,300
5,040
18
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
0471347744, 978-0471347743
