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What number of shares should be used

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Question - On December 31, 2022, Vince Co. had 1,250,000 ordinary shares issued and outstanding. Vince Co. issued a 15% share dividend on July 1, 2023. On July 31, 2023, Vince Co. acquired 96,000 ordinary shares and recorded the purchase using the cost method of accounting for treasury shares. What number of shares should be used in computing basic earnings per share for the year ended December 31, 2023?

Reference no: EM133165703

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