+1-415-670-9189
info@expertsmind.com
Basics of earnings per share computation
Course:- Accounting Basics
Reference No.:- EM13149078




Assignment Help
Assignment Help >> Accounting Basics

On December 31, 2010, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2011. On September 30, 2011, 12,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2011?

A. 303,000.

B. 342,000.

C. 312,000.

D. 327,000.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Equity Investment on July 1, 2010, Selig Company purchased for cash 40% of the outstanding capital stock of Spoor Corporation. Both Selig and Spoor have a December 31 year-end
Compute the revenue to be recognized in fiscal year 2008 for the two operating divisions of Simona Amanar Industries in accordance with generally accepted accounting princip
General Manufacturing Co. produces a strength and stamina enhancing beverage called stengamina.. The company has developed the following standards related to the manufact
Marchand Corp is considering the purchase of a new piece of equipment, which would have an initial cost of $500,000, a 7 year life, and $150,000 salvage value. The increase
You are the partner-in-charge of a large metropolitan office of a regional public accounting firm. Two members of your professional staff have come to you to discuss problem
A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2)
Assuming the employee was a CPA and knew that the use of MTM accounting was beyond the scope of the SEC approval parameters, do you believe that the employee had a responsib
Arthur Company is considering investing in an annuity contract that will return $45,000 annually at the end of each year for 15 years. What amount should Arthur Company pay