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Number of shares to be used in computing basic EPS

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.

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