Using the information in question 6 and assuming no additional shares of stock were issued in 2011 or 2012, the weighted average shares of common stock used in calculating EPS for the financial statements on December 31, 2011, would be:
A. 5,000 shares for 2011, and 10,000 shares for 2012.
B. 5,000 shares for 2011, and 5,000 shares for 2012.
C. 10,000 shares for 2011, and 10,000 shares for 2012.
D. 10,000 shares for 2011, and 20,000 shares for 2012.
Answer:C
Using the information in question 6 and assuming no additional shares of stock were issued in 2011 or 2012, the weighted average shares of common stock used in calculating EPS for the financial statements on December 31, 2011, would be:
A. 5,000 shares for 2011, and 10,000 shares for 2012. B. 5,000 shares for 2011, and 5,000 shares for 2012. C. 10,000 shares for 2011, and 10,000 shares for 2012. D. 10,000 shares for 2011, and 20,000 shares for 2012.