What is the number of shares to be used in computing earning

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Problem 1: On January 1, 2012, Blue Corporation, whose stock is publicly traded had 200,000 shares of ordinary shares issued and outstanding. On April 1, 2012, the company issued 10% stock dividends. On October 1, 2012, additional 20,000 shares were issued for cash and on November 1, 2012, the shares were split on a 2 for 1 basis. What is the number of shares to be used in computing earnings per share on December 31, 2012?

a. 440,000         c. 460,000
b. 450,000           d. 480,000

Reference no: EM132745389

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