Assume the following facts for the current year: Common shares outstanding on January 1: 50,000 shares July
Question:
Common shares outstanding on January 1: 50,000 shares
July 1: 2-for-1 stock split
October 1: a stock issue of 10,000 shares
Required
Compute the denominator of the earnings per share computation for the current year.
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Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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