On January 1, James corporation had 60,000 shares of common stock outstanding. On March 1, the company

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On January 1, James corporation had 60,000 shares of common stock outstanding. On March 1, the company reacquired 12,000 shares, and it declared a 10% stock dividend on October 1. The denominator in the earnings per share calculation would be

(a) 44,200

(b) 40,800

(d) 60,000

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Financial Accounting Tools for Business Decision Making

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Sep 06, 2018 03:12 AM

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On January 1, James corporation had 60,000 shares of common stock outstanding. On March 1, the company

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