A company had 20 000 shares of ordinary shares outstanding on January 1; on May 1, 4 000 shares were issued; on July 17, a 20% share dividend was issued; and on September 1, 3 000 additional shares were issued. The reporting date is 31 December. The denominator to be used to compute earnings per share is_______ Select one: O a. 31 800 O b. 23 667 O c. 28 467 O d. 28 400
A company had 20 000 shares of ordinary shares outstanding on January 1; on May 1, 4 000 shares were issued; on July 17, a 20% share dividend was issued; and on September 1, 3 000 additional shares were issued. The reporting date is 31 December. The denominator to be used to compute earnings per share is_______ Select one: O a. 31 800 O b. 23 667 O c. 28 467 O d. 28 400
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...
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