_____ Pinex and its 100%-owned subsidiary, Sinex, have the following common stock accounts at 12/31/06:
On 6/30/06, Pinex issued 6,000 shares of common stock. Neither company had any other common stock activity during 2006. In computing consolidated earnings per share for the year ended 12/31/06, the number of shares used should be
A) 63,000.
B) 66,000
C) 72,000
D) 75,000.
E) None of the above.

Question

_____ Pinex and its 100%-owned subsidiary, Sinex, have the following common stock accounts at 12/31/06:
 On 6/30/06, Pinex issued 6,000 shares of common stock. Neither company had any other common stock activity during 2006. In computing consolidated earnings per share for the year ended 12/31/06, the number of shares used should be
A) 63,000. 
B) 66,000 
C) 72,000 
D) 75,000. 
E) None of the above.

Quizplus · Accepted Answer

The Answer of _____ Pinex and its 100%-owned subsidiary, Sinex, have the following common stock accounts at 12/31/06:
 On 6/30/06, Pinex issued 6,000 shares of common stock. Neither company had any other common stock activity during 2006. In computing consolidated earnings per share for the year ended 12/31/06, the number of shares used should be
A) 63,000. 
B) 66,000 
C) 72,000 
D) 75,000. 
E) None of the above.

_____ Pinex and Its 100%-Owned Subsidiary, Sinex, Have the Following