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Morrison Corporation Had the Following Common Stock Record During the Current

Question 82

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Morrison Corporation had the following common stock record during the current calendar year:  Outstanding-January 12,000,000 Additional shares issued 3/31 100,000 Distributed a 10% stock dividend on 6/30 Additional shares issued 9/30100,000\begin{array}{|l|l|}\hline \text { Outstanding-January } 1 & 2,000,000 \\\hline \text { Additional shares issued 3/31 } & 100,000 \\\hline \text { Distributed a } 10 \% \text { stock dividend on } 6 / 30 & \\\hline \text { Additional shares issued } 9 / 30 & 100,000 \\\hline\end{array}
- What is the number of shares to be used in computing basic EPS?


A) 2,000,000.
B) 2,205,000.
C) 2,307,500.
D) 2,335,000.

Correct Answer:

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