Solution-What amount of shares should chape use as the

What amount of shares should chape use as the denominator

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Reference no: EM132331651

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Chape Co. had the following information related to common and preferred shares during the year:

Common shares outstanding, 1/1700,000 Common shares repurchased, 3/31 20,000 Conversion of preferred shares, 6/30 40,000 Common shares repurchased, 12/1 36,000

Chape reported net income of $2,000,000 at December 31. What amount of shares should Chape use as the denominator in the computation of basic earnings per share?

Reference no: EM132331651

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What amount of shares should chape use as the denominator : Common shares outstanding, 1/1700,000 Common shares repurchased, 3/31 20,000 Conversion of preferred shares, 6/30 40,000 Common shares.

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What amount of shares should chape use as the denominator

Reference no: EM132331651

Reference no: EM132331651

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