40、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Crockett, Inc. had 100,000 shares of common stock outstanding on 1 January 2007. The company has no plans to issue additional shares or purchase treasury shares during the year, but does plan either a 2-for-1 stock split or a 100% stock dividend on 1 July. The number of shares that will be used to determine earnings per share at 31 December 2007, if the company uses the 2-for-1 stock split or 100% stock dividend, respectively, is closest to: 2-for-1 stock split
100% stock dividend A. 150,000
150,000 B. 150,000
200,000 C. 200,000
150,000 D. 200,000 200,000 A. Answer A B. Answer B C. Answer C D. Answer D |