Monster, Inc Required:
What Should Monster, Inc

Monster, Inc.determined the following information concerning its common stock during 2010:
$\begin{array}{ll}\text { January 1 } & \text { 10,500 shares outstanding } \\\text { March 1 } & \text { Issued a 2-for-1 stock split } \\\text { July 1 } & \text { Issued 1,000 additional shares } \\\text { October 1 } & \text { Reacquired 2,000 shares }\end{array}$
Required:
What should Monster, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Correct Answer:

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