At January 1, 2013, Karpo Corporation Had the Following Share

question 17

Multiple Choice

At January 1, 2013, Karpo Corporation had the following share capital: On July 1, 2013, the board of directors declared and paid a 10% common stock dividend. On October 1, 2013, the company sold an additional 20,000 common shares for proceeds of $280,000. The corporation earned $150,000 during the year and declared $30,000 in dividends to preferred shareholders.
-For the purpose of calculating the earnings per share, the company's weighted average number of common shares is

• A) 30,000.
• B) 12,750.
• C) 7,750.
• D) 15,500.

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