Question: how many shares should torque use to calcut2017 basic earnings per sharw The following information pertains to Torque Corp's outstanding stock for 2018: Common stock,

how many shares should torque use to calcut2017 basic earnings per sharw
how many shares should torque use to calcut2017 basic earnings per sharw

The following information pertains to Torque Corp's outstanding stock for 2018: Common stock, $1 par value Shares outstanding, 1/1/2018 2-for-1 stock split, 4/1/2018 shares issued, 7/1/2018 Preferred stock, $10 par value, 6% cumulative Shares outstanding, 1/1/2018 O 135,000 60,000 120.000 30,000 How many shares should Torque use to calculate 2018 basic earnings per share? 12,000

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