Business, 11.02.2020 20:49 biancasamadp3usfw

The following information pertains to Jet Corp. outstanding stock for Year 1:
Common stock, $5 par value
Shares outstanding, 1/1/01 20,000
A 2-for-1 stock split, 4/1/Year 1 20,000
Shares issued, 7/1/Year 1 10,000
Preferred stock, $10 par value,
5% cumulative Shares outstanding
1/1/Year 1 4,000
What is the number of shares Jet should use to calculate Year 1 earnings per share?
a. 40,000
b. 45,000
c. 50,000
d. 54,000

Answers: 2

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The following information pertains to Jet Corp. outstanding stock for Year 1:
Common stock, $5...