Business, 06.05.2020 07:09 Km13

The following information pertains to Obama Company's outstanding stock for the year just ended:
Common stock, $5 par value:
Shares outstanding, 1/1 20,000
2-for-1 stock split, 4/1 20,000
Shares issued, 7/1 10,000
Preferred stock, $10 par value, 5% cumulative:
Shares outstanding, 1/1 4,000
Required:
A) How many shares should Obama use to calculate basic earnings per share?

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The following information pertains to Obama Company's outstanding stock for the year just ended:

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