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Select Corporation was incorporated on January 2 . The following information pertains to Select Corporation's common stock transactions. Jan. 2 Number of shares authorized 4
Select Corporation was incorporated on January The following information pertains to Select Corporation's common stock transactions.
Jan. Number of shares authorized
Jan. Number of shares issued
Jul. Number of shares reacquired but not canceled
Sept. Twoforone stock split
Dec. Reissued shares of treasury stock
Required
a Determine the weightedaverage number of shares of Select Corporation's common stock outstanding.
Note: Round amount to the nearest whole number.
Number of shares Answer
b Compute earnings per share considering the following additional information:
Net income: $
Preferred stock, cumulative shares outstanding, $ par value per share
Preferred stock dividends declared during the year: $
Note: Enter the earnings per share amount in dollars and cents, rounded to
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