Moodrocker Company had 1,000 common shares issued and outstanding at January 1 . During the year, Moodrocker also had the common stock transactions listed below. April 1 Issued 300 previously unissued shares May 1 Split the stock 2-for-1 June 30 Purchased 100 shares for the treasury July 30 Distributed a 20 percent stock dividend December 31 Split the stock 3-for-1 Given this information, what is
the weighted-average number of shares that Moodrocker should use for earnings per share purposes?
a. 2,880
b. 8,640
c. 8,820
d. 9,720
B
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Product champions
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