Shoemaker Company had 1,000 common shares issued and outstanding at January 1. During the year, Shoemaker also had the common stock transactions listed below.

Given this information, what is the weighted-average number of shares that Shoemaker should use for earnings per share purposes?
A) 2,880
B) 8,460
C) 8,820
D) 9,720

Question

Shoemaker Company had 1,000 common shares issued and outstanding at January 1. During the year, Shoemaker also had the common stock transactions listed below.

Given this information, what is the weighted-average number of shares that Shoemaker should use for earnings per share purposes?
A) 2,880 
B) 8,460 
C) 8,820 
D) 9,720

Quizplus · Accepted Answer

The Answer of Shoemaker Company had 1,000 common shares issued and outstanding at January 1. During the year, Shoemaker also had the common stock transactions listed below.

Given this information, what is the weighted-average number of shares that Shoemaker should use for earnings per share purposes?
A) 2,880 
B) 8,460 
C) 8,820 
D) 9,720

Shoemaker Company Had 1,000 Common Shares Issued and Outstanding at January