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The following information pertains to J Company's outstanding stock for 2021: Common stock, $1 par Shares outstanding, 1/1/2021 2 for 1 stock split, 4/1/2021
The following information pertains to J Company's outstanding stock for 2021: Common stock, $1 par Shares outstanding, 1/1/2021 2 for 1 stock split, 4/1/2021 Shares issued, 7/1/2021 |10,000 10,000 5,000 Preferred stock, $100 par, 7% cumulative Shares outstanding, 1/1/2021 4,000 What is the number of shares J should use to calculate 2021 basic earnings per share? Multiple Choice 20,000. 22,500. 25,000. 27,000.
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