Assume that Jarden Associates began the year with 75,000 outstanding shares and implemented a 7% stock dividend

Question:

Assume that Jarden Associates began the year with 75,000 outstanding shares and implemented a 7% stock on January 1 of the current year. Jarden employees held 90,000 options that were granted on April 1. If exercised, there would be 18,000 incremental shares. On July 1, Jarden implemented a three-for-one stock split. Finally, on November 1, the company purchased 135,000 shares to be held in the treasury. Compute the denominator for basic and diluted earnings per share. Assume the stock split also applies to the options. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...