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What number of shares should devon use

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Question - On December 1 of the current year, Devon Co. declared and issued a 6% stock dividend on its 100,000 shares of outstanding common stock. There was no other common stock activity during the year. What number of shares should Devon use in determining basic earnings per share for the current year?

a. 103,000

b. 106,000

c. 100,000

d. 100,500

Reference no: EM132640270

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