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    Number of shares to be used in computing basic EPS

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    1. Dublin Inc. had the following common stock record during the current calendar year:

    Outstanding - beginning of year 2,000,000
    Additional shares issued 6/30 100,000
    Additional shares issued 9/30 100,000

    A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?

    A. 2,075,000.
    B. 2,282,500.
    C. 2,475,000.
    D. 2,620,000.

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    Solution Preview

    Dublin Inc. had the following common stock record during the current calendar year:

    Outstanding - beginning of year ...

    Solution Summary

    Response provides the steps to compute the number of shares to be used in computing basic EPS

    $2.19

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