Dear CMA Friends,
I couldnt understand the answer of this question. I would be glad should anyone can help me in solving.
Question: A Co. had 150.000 shares outstanding on Jan 1. On March 1, 75.000 additional shares were issued through a stock dividend. Then on Nov. 1 the Co. issued 60.000 shares for cash. The number of shares to be used in the denomiator of the EPS calculation for the year is;
Correct answer is 235.000 shares
Kind regards
------------------------------
TIMUCIN ONER
Director/Manager
ANTALYA
Turkey
------------------------------