Gear Corporation had the following common stock record during the current calendar year: What is the number of shares to be used in computing basic EPS?
A)5,500,000.
B)5,557,500.
C)5,555,000.
D)5,050,000.

Question

Quizplus · Accepted Answer

The number of shares to be used in computing basic EPS is calculated by taking the weighted average of shares outstanding during the year. The choice B (5,557,500) represents the correct weighted average calculation based on the stock record provided.

Gear Corporation Had the Following Common Stock Record During the Current