The following information is available for Alley Corporation:
The number of shares to be used in computing earnings per common share for 2008 is
A) 2,825,500.
B) 2,737,500.
C) 2,725,000.
D) 1,706,250.

Question

The following information is available for Alley Corporation:
 The number of shares to be used in computing earnings per common share for 2008 is
A) 2,825,500. 
B) 2,737,500. 
C) 2,725,000. 
D) 1,706,250.

Quizplus · Accepted Answer

[(1,250,000 × 3 × 2) + (1,450,000 × 3 × 2) + (1,375,000 × 3 × 2)+ (2,750,000 × 3)] ÷ 12 = 2,725,000.

The Following Information Is Available for Alley Corporation