Question
On January 1 a company had 2,265,425 common shares outstanding. On March 1, it declares a 3 for 1 stock split. May 1, it issues
On January 1 a company had 2,265,425 common shares outstanding. On March 1, it declares a 3 for 1 stock split. May 1, it issues 150,960 additional common shares. The denominator of basic eps is
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
