The Following Information Has Been Obtained from the Massena Corporation

question 100

Multiple Choice

The following information has been obtained from the Massena Corporation:
• 100,000 shares of common stock were outstanding on January 1,2015.
• 30,000 shares of common stock were issued on March 1,2015.
• A 2 for 1 stock split was declared on April 1,2015.
• The 2 for 1 stock split was distributed on May 1,2015.
• 10,000 shares of common stock were purchased on October 1,2015.
What is the weighted average number of shares to be used in the calculation of basic earnings per share for 2015?

• A)247,500
• B)216,250
• C)230,833
• D)209,167

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Definitions:

Aversion Conditioning

A method of behavioral therapy that involves pairing an undesirable behavior with an unpleasant stimulus to reduce the frequency of the behavior.

Electric Shock

The sudden stimulation of nerves and muscles produced by an external electric current, potentially causing harm or discomfort.

Behavioral Contracting

A therapy technique involving the creation of a written agreement between two parties to reinforce or change specific behaviors.

Systematic Desensitization

A therapeutic technique used to reduce phobia or anxiety through gradual exposure to the feared object or situation combined with relaxation exercises.