On January 1, James Corporation had 60,000 shares of common stock outstanding. On March 1, the company reacquired 12,000 shares, and it declared a 10% stock dividend on October 1. What is the denominator in the earnings per share calculation?

A) 44,200
B) 40,800
C) 55,000
D) 60,000


C

Business

You might also like to view...

Entitlings and enhancements are reactive damage control public relations activities

Indicate whether the statement is true or false

Business

When replacing an old asset with a new one, the original purchase price of the old asset represents a(n) ________ cost.

A) relevant B) differential C) opportunity D) sunk

Business

Across the street from Bridget’s office is a church that rings its steeple bells at noon each day. The bells help Bridget remember to look up from her work and take a lunch break. After years of working next to the church, even when she is away from the office or buried deep in thought, church bells make her feel hungry. What Bridget is experiencing is ______.

A. classical conditioning B. operant conditioning C. social learning D. positive reinforcement

Business

Methods for the IC to maintain control of less than fifty-percent owned organizations that were mentioned in the text included all of the following except:

A. a management contract. B. using its ownership to outvote its partner. C. control of technology. D. putting people from the IC in important executive positions. E. control of the finances or technology.

Business