West, Inc Determined the Following Information Concerning Its Common Stock During

question 104

Essay

West, Inc. determined the following information concerning its common stock during 2016:
January 1 80,000 shares outstanding
April 1 Issued a 20% stock dividend
July 1 Issued an additional 2,900 shares October 1 Issued a 2-for-1 stock split December 1 Reacquired 5,000 shares
Required:
What should West, Inc. use as the denominator for its basic earnings per share calculation for 2016? If necessary, ro number.

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Definitions:

Task Specialization

The process of dividing work into specific tasks that are assigned to individuals based on their skills or expertise.

Interdependence

The mutual reliance between two or more groups, organisms, systems, or entities where each is dependent on the others for certain needs.

Natural Processes

The organic and inherent procedures and events occurring in the environment and the physical world.

Unfavorable Norms

Social rules that are perceived negatively by society or certain groups, often because they lead to undesired outcomes.