Dublin Inc. had the following common stock record during the current calendar year:
-A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?
A) 2,075,000.
B) 2,282,500.
C) 2,475,000.
D) 2,620,000.

Question

Dublin Inc. had the following common stock record during the current calendar year:  
-A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?
A) 2,075,000. 
B) 2,282,500. 
C) 2,475,000. 
D) 2,620,000.

Quizplus · Accepted Answer

[2,000,000 + (100,000 × 6/12) + (100,000 × 3/12)] × 1.10 = 2,282,500