Basic earnings per share computation problem, Accounting Basics

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Basic earnings per share computation problem

Albacore company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30. On September 30, 12,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation?

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Accounting Basics: Basic earnings per share computation problem

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Accounting Basics: Basic earnings per share computation problem

Reference No:- TGS078870

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Monthly adjusting journal entry

Q : Discuss the role of the leader in changes

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Basic earnings per share computation problem

Reference No:- TGS078870

Recent Questions Asked Accounting Basics

Q : Monthly adjusting journal entry

Q : Discuss the role of the leader in changes

Q : What is the amount due on the note

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