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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37d3a717-ada3-4304-b02a-9f3822a21d6c%2F8a1a8418-9519-4310-a556-382aa3f55fb8%2Fav2kt29_processed.png&w=3840&q=75)
Transcribed Image Text: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
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