Question
The following information is available for Bramble Corp.: January 1, 2021 Shares outstanding 3950000 April 1, 2021 Shares issued 632000 July 1, 2021 Treasury shares
The following information is available for Bramble Corp.:
| January 1, 2021 | Shares outstanding | 3950000 | ||
| April 1, 2021 | Shares issued | 632000 | ||
| July 1, 2021 | Treasury shares purchased | 162000 | ||
| October 1, 2021 | Shares issued in a 100% stock dividend | 4420000 |
The number of shares to be used in computing earnings per common share for 2021 is
8726000.
8686000.
5426000.
9007600.
Step by Step Solution
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Step: 1
The correct answer is Option B 8686000 The number of shares to be used ...
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
