Essay
West, Inc. determined the following information concerning its common stock during 2016:
January 1 80,000 shares outstanding
April 1 Issued a 20% stock dividend
July 1 Issued an additional 2,900 shares October 1 Issued a 2-for-1 stock split December 1 Reacquired 5,000 shares
Required:
What should West, Inc. use as the denominator for its basic earnings per share calculation for 2016? If necessary, ro number.
Correct Answer:
Verified
Correct Answer:
Verified
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