The following information pertains to Torque Corp.'s outstanding stock for 2018: How many shares should Torque use to calculate 2018 basic earnings per share?
A) 120,000
B) 135,000
C) 150,000
D) 162,000

Name: The following information pertains to Torque Corp.'s outstanding stock for 2018: How many shares should Torque use to calculate 2018 basic earnings per share? A) 120,000 B) 135,000 C) 150,000 D) 162,000
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

The following information pertains to Torque Corp.'s outstanding stock for 2018:  How many shares should Torque use to calculate 2018 basic earnings per share?
A) 120,000 
B) 135,000 
C) 150,000 
D) 162,000

Quizplus · Accepted Answer

(60,000 x 2.0) + 30,000 (6/12) = 135,000

The Following Information Pertains to Torque Corp