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The following information pertains to A. P. Hutton Company's outstanding stock for 2024: Common stock, $1 par Shares outstanding, 1/1/2024 10,000 2 for 1 stock
The following information pertains to A. P. Hutton Company's outstanding stock for 2024: Common stock, $1 par Shares outstanding, 1/1/2024 10,000 2 for 1 stock split, 4/1/2024 10,000 Shares issued, 7/1/2024 5,000 Preferred stock, $100 par, 7% cumulative Shares outstanding, 1/1/2024 4,000 What is the number of shares A. P. Hutton should use to calculate 2024 basic earnings per share
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
