Question
On January 1, 2018, Carleton Corporation had 50,000 shares of $7 par value common stock outstanding. On March 31, 2018, Carleton issued an additional 15,000
On January 1, 2018, Carleton Corporation had 50,000 shares of $7 par value common stock outstanding. On March 31, 2018, Carleton issued an additional 15,000 shares in exchange for a building. What number of shares will be used in the computation of earnings per share for the year 2018?
Multiple Choice
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130,000.
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65,000.
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50,000.
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61,250.
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Auditing A Complete Guide Practical Tools For Self Assessment
Authors: Gerardus Blokdyk
1st Edition
0655424571, 978-0655424574
