A Firm Has 10,000 Common Shares Outstanding on January 1

question 61

Multiple Choice

A firm has 10,000 common shares outstanding on January 1 of the current year.The following events take place during the current year: May 1 issued 3,000 new common shares
June 30 purchased 4,000 shares for the treasury October 31 distributed a 20% stock dividend December 1 reissued the June 30 treasury stock
What is the weighted-average number of shares to be used for computing EPS? (Do not round intermediate calculations.Round your final answer to nearest whole number.)

• A)14,133 shares
• B)12,033 shares
• C)10,000 shares
• D)8,333 shares

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