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On December 31, 20x4. Muskoka Inc. had 600,000 shares of common shares issued and outstanding. Muskoka issued a 10% stock dividend on July 20x5, and

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On December 31, 20x4. Muskoka Inc. had 600,000 shares of common shares issued and outstanding. Muskoka issued a 10% stock dividend on July 20x5, and on October 1, 20x5, purchased and retired 48,000 of its common shares. The number of shares Muskoka should use in computing basic earnings per share for the year ended December 31, 20x5, is: Multiple Choice 62.000 678000 BAR 000 000

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