The following information is available for Sheffield Corp.: January 1, 2021 Shares outstanding 4060000 April 1, 2021 Shares issued 643000 July 1, 2021 Treasury shares purchased 223000 October 1, 2021 Shares issued in a 100% stock dividend 4480000 The number of shares to be used in computing earnings per common share for 2021 is A. 8901500. B. 5601500. C. 9183100. D. 8861500.

The following information is available for Sheffield Corp.: January 1, 2021 Shares outstanding 4060000 April 1, 2021 Shares issued 643000 July 1, 2021 Treasury shares purchased 223000 October 1, 2021 Shares issued in a 100% stock dividend 4480000 The number of shares to be used in computing earnings per common share for 2021 is A. 8901500. B. 5601500. C. 9183100. D. 8861500.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 94.1C

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