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Computing Weighted-Average Common Shares On January 1, Case Inc. had 540,000 shares of common stock...

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Accounting

Computing Weighted-Average Common Shares On January 1, Case Inc. had 540,000 shares of common stock issued and outstanding. Case issued a 10% stock dividend on July 1. On October 1, Case purchased 43,200 shares of its common stock for the treasury. What is the number of shares that should be used in computing basic earnings per share for the year ended December 31?

Retroactive
Actual Restatement for Equivalent Weighted
Shares Stock Dividend Shares Months Avg. Shares
Inclusive Dates Outstanding or Stock Split Outstanding Outstanding Outstanding
January - June Answer Answer Answer Answer Answer
July - September Answer Answer Answer Answer Answer
October - December Answer Answer Answer Answer Answer
Answer

The number of shares for the basic EPS calculation is Answer.

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