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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 17,500 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 | 17,500 |
2 for 1 stock split, 4/1/2021 | 17,500 |
Shares issued, 7/1/2021 | 6,500 |
Preferred stock, $100 par, 7% cumulative | |
Shares outstanding, 1/1/2021 | 5,500 |
What is the number of shares J should use to calculate 2021 basic earnings per share?
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