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

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Write a one-page memorandum to him explaining why a difference is bad debts expense and the allowance for doubtful accounts is not unusual. The company estimates bad debts exp
Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter that explains how you plan
Prepare the adjusting entry at December 31, and using T accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each accou
The translation (remeasurement) adjustment reported in a translation when the functional currency is not the foreign currency is included:
How can we measure the opportunity cost of leisure? What are the substitution effect and the income effect resulting from a wage change? Why is the supply curve of labor usu
On January 1, 2014, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $90,000 cash. The new company, Arkansas Sale
Wilcox Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this chapter.
Analyze each item for its effects on the accounting equation of LDS for the year ended December 31. Record the effects of each item using a journal entry. Summarize the effect