Strait Company Has Outstanding Shares as Follows: 16,000 Common Shares

question 92

Multiple Choice

Strait Company has outstanding shares as follows: 16,000 common shares and 5,000 preferred shares.What is the number of shares that should be used in the denominator to compute earnings per share?

• A)5,000
• B)16,000
• C)18,000
• D)21,000

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