Question
West, Inc. determined the following information concerning its common stock during 2016: J anuary 1 80,000 shares outstanding April 1 Issued a 20% stock dividend
West, Inc. determined the following information concerning its common stock during 2016: J
anuary 1 80,000 shares outstanding
April 1 Issued a 20% stock dividend
July 1 Issued an additional 2,900 shares
October 1 Issued a 2-for-1 stock split
December 1 Reacquired 5,000 shares
Required: What should West, Inc. use as the denominator for its basic earnings per share calculation for 2016?
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1st Edition
1659112699, 978-1659112696
