Monster, Inc.determined the following information concerning its common stock during 2010:
$\begin{array}{ll}
\text { January 1 } & \text { 10,500 shares outstanding } \
\text { March 1 } & \text { Issued a 2-for-1 stock split } \
\text { July 1 } & \text { Issued 1,000 additional shares } \
\text { October 1 } & \text { Reacquired 2,000 shares }
\end{array}$
Required:
What should Monster, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Question

Monster, Inc.determined the following information concerning its common stock during 2010:
 $\begin{array}{ll}
\text { January 1 } & \text { 10,500 shares outstanding } \
\text { March 1 } & \text { Issued a 2-for-1 stock split } \
\text { July 1 } & \text { Issued 1,000 additional shares } \
\text { October 1 } & \text { Reacquired 2,000 shares }
\end{array}$
 Required:
What should Monster, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Quizplus · Accepted Answer

The Answer of Monster, Inc.determined the following information concerning its common stock during 2010:
 $\begin{array}{ll}
\text { January 1 } & \text { 10,500 shares outstanding } \
\text { March 1 } & \text { Issued a 2-for-1 stock split } \
\text { July 1 } & \text { Issued 1,000 additional shares } \
\text { October 1 } & \text { Reacquired 2,000 shares }
\end{array}$
 Required:
What should Monster, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Monster, Inc Required: What Should Monster, Inc

Monster, Inc Required:
What Should Monster, Inc