Please can someone help me out with this question?
At the beginning of the year, Lewis Corporation had 100,000 shares of common stock outstanding.
During the year, the following transactions occurred.
Date Transaction
April 1 Issued 10,000 shares in exchange for land
July 1 Declared and distributed a 10% stock dividend
October 1 Purchased 5,000 shares of treasury stock
The number of shares that Lewis should use when computing earnings per share at the end of the
year is
a. 117,000.
b. 116,000.
c. 111,750.
d. 106,250.
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Ruqaiya Khajuriwala
Student
Pune
India
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