(Answered) Question - shoemaker company had 1000 common shares issued

Accounting

Question - Shoemaker Company had 1,000 common shares issued and outstanding at January 1. During the year, Shoemaker also had the common stock transactions listed below.

April 1 Issued 300 previously unissued shares

May 1 Split the stock 2-for-1

June 30 Purchased 100 shares for the treasury

July 30 Distributed a 20 percent stock dividend

December 31 Split the stock 3-for-1

Given this information, what is the weighted-average number of shares that Shoemaker should use for earnings per share purposes?

A) 2,880

B) 8,460

C) 8,820

D) 9,720

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