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On January 1, 2018, Albacore Company had 320,000 shares of its common stock issued and outstanding. Albacore issued a 11% stock dividend on July 2018.

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On January 1, 2018, Albacore Company had 320,000 shares of its common stock issued and outstanding. Albacore issued a 11% stock dividend on July 2018. On October 1,2018, Albacore retired 10,000 of its common shares. When calculating basic earnings per share for 2018, what is the appropriate number of shares for Albacore to use in the denominator of the EPS fraction points Multiple Choice 00 4933 57,700 52700 3100 55.200

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