Alvarado Company had the following common stock balances and transactions during the current year: (Click the icon to view the common stock balances and transactions.) What was the number of Alvarado's current-year weighted-average shares outstanding for basic EPS? ○ A. 78,000 B. 73,250 ○ C. 72,500 OD. 71,500 Data table - January 1 March 1 May 1 Common stock outstanding 60,000 Issue of a 10% common stock dividend Issue of common stock 6,000 9,000 3,000 November 1 Issue of common stock for cash 78,000 December 31 Common stock outstanding ×
Alvarado Company had the following common stock balances and transactions during the current year: (Click the icon to view the common stock balances and transactions.) What was the number of Alvarado's current-year weighted-average shares outstanding for basic EPS? ○ A. 78,000 B. 73,250 ○ C. 72,500 OD. 71,500 Data table - January 1 March 1 May 1 Common stock outstanding 60,000 Issue of a 10% common stock dividend Issue of common stock 6,000 9,000 3,000 November 1 Issue of common stock for cash 78,000 December 31 Common stock outstanding ×
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 6MC: For purposes of computing the weighted average number of shares outstanding during the year, a...
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Transcribed Image Text:Alvarado Company had the following common stock balances and transactions during the current year:
(Click the icon to view the common stock balances and transactions.)
What was the number of Alvarado's current-year weighted-average shares outstanding for basic EPS?
○ A. 78,000
B. 73,250
○ C. 72,500
OD. 71,500
Data table
-
January 1
March 1
May 1
Common stock outstanding
60,000
Issue of a 10% common stock dividend
Issue of common stock
6,000
9,000
3,000
November 1
Issue of common stock for cash
78,000
December 31
Common stock outstanding
×
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