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Scipio Company had 1,000 common shares issued and outstanding at January 1. During the year, Scipio also had the common stock transactions listed below. April
Scipio Company had 1,000 common shares issued and outstanding at January 1. During the year, Scipio also had the common stock transactions listed below. April 1 Issued 300 previously unissued shares June 30 Purchased 100 shares for the treasury December 31 Split the stock 3-for-1 Given this information, what is the weighted-average number of shares that Scipio should use for earnings per share purposes? 3,525 3,450 3,600 1,175
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