The following information pertains to J Company's outstanding stock for 2021: Common stock, $1 par Shares...

The following information pertains to J Company's outstanding stock for 2021:

Common stock, $1 par
Shares outstanding, 1/1/2021	17,500
2 for 1 stock split, 4/1/2021	17,500
Shares issued, 7/1/2021	6,500
Preferred stock, $100 par, 7% cumulative
Shares outstanding, 1/1/2021	5,500

What is the number of shares J should use to calculate 2021 basic earnings per share?

Expert Solution

ekkarill92 answered 2 years ago

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