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On January 1, 2018, Carleton Corporation had 66,000 shares of $8 par value common stock outstanding. On March 31, 2018, Carleton issued an additional 23,000

On January 1, 2018, Carleton Corporation had 66,000 shares of $8 par value common stock outstanding. On March 31, 2018, Carleton issued an additional 23,000 shares in exchange for a building. What number of shares will be used in the computation of earnings per share for the year 2018?

  • 83,250.
  • 66,000.
  • 89,000.
  • 178,000.

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