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What number of shares to be used in computing basic eps

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Question - Ace Corporation had the following common stock record during the current calendar year:

Outstanding-January 1 100,000

Additional shares issued 3/31 5,000,000

Distributed a 10% stock dividend on 6/30

Shares reacquired 9/30 100,000

Required - What is the number of shares to be used in computing basic EPS?

Reference no: EM132750381

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