What is the appropriate number of shares to be used, Accounting Basics

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What is the appropriate number of shares to be used

On December 31, 2010, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2011. On September 30, 2011, 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 for 2011?

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Accounting Basics: What is the appropriate number of shares to be used

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Accounting Basics: What is the appropriate number of shares to be used

Reference No:- TGS065305

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Recent Questions Asked Accounting Basics

Q : What will be the equilibrium interest rate

Q : Problem on exchange rate float

Q : What will angel report as diluted earnings per share

Q : Calculate the minimum rate of interest

Q : What is the appropriate number of shares to be used

Q : Determinants of demand and supply

Q : What is the compensation expense related to the options

Q : Net sales commissions at a sales volume

Q : Money supply in the united states

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the appropriate number of shares to be used

Reference No:- TGS065305

Recent Questions Asked Accounting Basics

Q : What will be the equilibrium interest rate

Q : Problem on exchange rate float

Q : What will angel report as diluted earnings per share

Q : Calculate the minimum rate of interest

Q : What is the appropriate number of shares to be used

Q : Determinants of demand and supply

Q : What is the compensation expense related to the options

Q : Net sales commissions at a sales volume

Q : Money supply in the united states

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