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On January 1, 2019, Allan Inc. had 300,000 shares of its common stock issued and outstanding. Allan issued a 10% stock dividend on July
On January 1, 2019, Allan Inc. had 300,000 shares of its common stock issued and outstanding. Allan issued a 10% stock dividend on July 1, 2019. On October 1, 2019, Allan retired 12.000 of its common shares. When calculating basic earnings per share for 2019, what is the appropriate number of shares for Allan to use in the denominator of the EPS fraction? O $303,000 O $312.000 O $342,000 $327,000
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
