Brewer, Inc. had the following data related to its common shares: Shares outstanding at 1/1 40,000 2 for 1 stock split at 3/31 Stock issuance at 6/30 6,000 What is the weighted average number of shares Brewer, Inc. should use to calculate its basic earnings per share for the year?

Answer rating: 100% (QA)

Answer to consider the number of shares outstanding during each period of the year Shares outstandin... View the full answer