Dublin Inc

question 54

Multiple Choice

Dublin Inc. had the following common stock record during the current calendar year:
-A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS?

• A) 2,075,000.
• B) 2,282,500.
• C) 2,475,000.
• D) 2,620,000.

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Definitions:

Corporate Articles

constitute the foundational documents that outline the formation, ownership, and operational guidelines of a corporation.

Director's Right

Legal entitlements and authorities granted to a director of a company, including decision-making powers and duties towards the company and its stakeholders.

Corporate Office

The central or main office of a corporation where key administrative and executive activities are conducted.

Board Of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions regarding the corporation's affairs.