Question
On January 1, 2018, Ole Corporation had 75,000 shares of $8 par value common stock outstanding. On July 31, 2018, Ole issued an additional 10,000
On January 1, 2018, Ole Corporation had 75,000 shares of $8 par value common stock outstanding. On July 31, 2018, Ole issued an additional 10,000 shares in exchange for a building. What number of shares will be used in the computation of earnings per share for the year 2018?
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75,000.
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80,000.
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85,000.
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79,167.
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Becker CPA Exam Final Review Auditing
Authors: Becker
1st Edition
1943628521, 978-1943628520
