What is the number of shares to be used in computing basic EPS? O 2,000,000 O 2,205,000.
What is the number of shares to be used in computing basic EPS? O 2,000,000 O 2,205,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Madison Corporation had the following common stock record during the current calendar year:
Outstanding-January 1
2,000,000
Additional shares issued 3/31
100,000
Distributed a 10% stock dividend on 6/30
Additional shares issued 9/30
100,000
What is the number of shares to be used in computing basic EPS?
O 2,000,000
O 2,205,000.
O 2,307,500.
O 2,335,000.
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