Warren, Inc.determined the following information concerning its common stock during 2010:
$\begin{array}{ll}
\text { January 1 } & \text { 40,000 shares outstanding } \
\text { April 1 } & \text { Issued a 10\% stock dividend } \
\text { July 1 } & \text { Issued an additional 1,900 share } \
\text { October 1 } & \text { Issued a 2-for-1 stock split } \
\text { December 1 } & \text { Reacquired 3,000 shares }
\end{array}$
Required:
What should Warren, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Question

Warren, Inc.determined the following information concerning its common stock during 2010:
 $\begin{array}{ll}
\text { January 1 } & \text { 40,000 shares outstanding } \
\text { April 1 } & \text { Issued a 10\% stock dividend } \
\text { July 1 } & \text { Issued an additional 1,900 share } \
\text { October 1 } & \text { Issued a 2-for-1 stock split } \
\text { December 1 } & \text { Reacquired 3,000 shares }
\end{array}$
 Required:
What should Warren, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Quizplus · Accepted Answer

The Answer of Warren, Inc.determined the following information concerning its common stock during 2010:
 $\begin{array}{ll}
\text { January 1 } & \text { 40,000 shares outstanding } \
\text { April 1 } & \text { Issued a 10\% stock dividend } \
\text { July 1 } & \text { Issued an additional 1,900 share } \
\text { October 1 } & \text { Issued a 2-for-1 stock split } \
\text { December 1 } & \text { Reacquired 3,000 shares }
\end{array}$
 Required:
What should Warren, Inc.use as the denominator for its basic earnings per share calculation for 2010?

Warren, Inc Required: What Should Warren, Inc

Warren, Inc Required:
What Should Warren, Inc