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The following information pertains to J Company's outstanding stock for 2021: ...

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Accounting

The following information pertains to J Company's outstanding stock for 2021:

Common stock, $1 par
Shares outstanding, 1/1/2021 16,500
2 for 1 stock split, 4/1/2021 16,500
Shares issued, 7/1/2021 6,300
Preferred stock, $100 par, 6% cumulative
Shares outstanding, 1/1/2021 5,300

What is the number of shares J should use to calculate 2021 basic earnings per share?

Multiple Choice

  • 33,000.

  • 36,150.

  • 39,300.

  • 41,950.

Answer & Explanation Solved by verified expert
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