000.ض C)0.EXPLANATIONTHE CALCULATION FOR BASIC EPS IS NOT ADJUSTED...

10, - UNDERSTANDING INCOME STATEMENTS 1
UNDERSTANDING INCOME STATEMENTS 1
10,000.ض C)0.ExplanationThe calculation for basic EPS is not adjusted for the impact of potentially dilutive securities.

Question #56 of 90

Question ID: 434269

A company has the following sequence of events regarding their stock:One million shares outstanding at the beginning of the year.On June 30th, they declared and issued a 10% stock dividend.On September 30th, they sold 400,000 shares of common stock at par.Basic earnings per share at year-end will be computed on how many shares?ض A)