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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 15,500 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 | 15,500 |
| 2 for 1 stock split, 4/1/2021 | 15,500 |
| Shares issued, 7/1/2021 | 6,100 |
| Preferred stock, $100 par, 5% cumulative | |
| Shares outstanding, 1/1/2021 | 5,100 |
What is the number of shares J should use to calculate 2021 basic earnings per share?
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Survey Of Accounting
Authors: Carl S. Warren
1st Edition
0538870850, 9780538870856
