Question: On December 3 1 , 2 0 2 3 , M . E . Carter Company had 2 9 0 , 0 0 0 shares

On December

31, 2023,

.

.

Carter Company had

290, 000

shares of common stock issued and outstanding. M

.

.

Carter issued a

3 %

stock dividend on June

30, 2024 .

On September

30, 2024, 30, 000

shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for

2024 ?

Multiple Choice

306, 200

298, 700

291, 200

329, 600

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