From January 1 to April 30, Company A had 7,500 shares outstanding. From May 1 to October 31, the company had 8,000 shares outstanding. From November 1 to December 31, the company had 7,500 shares outstanding. What is the denominator for determining the earnings per share for this simple capital structure company? a)6,500 shares b)7,750 shares c)5,250 shares d)3,750 shares

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From January 1 to April 30, Company A had 7,500
shares outstanding. From May 1 to October 31, the
company had 8,000 shares outstanding. From
November 1 to December 31, the company had
7,500 shares outstanding. What is the denominator
for determining the earnings per share for this
simple capital structure company?
a)6,500 shares
b)7,750 shares
c)5,250 shares
d)3,750 shares
Transcribed Image Text:From January 1 to April 30, Company A had 7,500 shares outstanding. From May 1 to October 31, the company had 8,000 shares outstanding. From November 1 to December 31, the company had 7,500 shares outstanding. What is the denominator for determining the earnings per share for this simple capital structure company? a)6,500 shares b)7,750 shares c)5,250 shares d)3,750 shares
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