On January 1, a corporation had 50, 000 shares of common stock outstanding.On April 1, the company declared a 20% stock dividend, and on August 1, the company had a 3-for-1 stock split.On December 1, the company issued an additional 6, 000 shares.The denominator in the earnings per share calculation would be

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- After the 20% dividend, the company would have 50,000 + (20% * 50,000) = 60,000 shares outstanding.
- After the 3-for-1 split, the company would have 60,000 * 3 = 180,000 shares outstanding.
- After issuing an additional 6,000 shares, the company would have 180,000 + 6,000 = 186,000 shares outstanding.

Therefore, the denominator in the earnings per share calculation would be 180,500 shares (average shares outstanding for the year), which is the average of the shares outstanding before and after the December 1st issuance: (180,000 + 186,000) / 2 = 180,500.

On January 1, a Corporation Had 50, 000 Shares of Common