Question
On January 1, 2013, Albacore Company had 340,000 shares of its common stock issued and outstanding. Albacore issued a 10% stock dividend on July 1,
On January 1, 2013, Albacore Company had 340,000 shares of its common stock issued and outstanding. Albacore issued a 10% stock dividend on July 1, 2013. On October 1, 2013, Albacore retired 8,000 of its common shares. When calculating basic earnings per share for 2013, what is the appropriate number of shares for Albacore to use in the denominator of the EPS fraction?
rev: 01_19_2013
| 374,000. | |
| 376,000. | |
| 348,800. | |
| 372,000. |
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Sarbanes Oxley And The New Internal Auditing Rules
Authors: Robert R. Moeller
1st Edition
0471483060, 978-0471483069
