43. MMM Inc. had 5,000 shares outstanding on January 1, 2006. MMM Inc. issued 8,000...
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43. MMM Inc. had 5,000 shares outstanding on January 1, 2006. MMM Inc. issued 8,000 shares on May 1 and an additional 9,000 shares on August 1, 2006. How many shares will be used to calculated earnings per share ( 2006).
A) 5,000
B) 14,083
C) 15,225
D) 15,301
E) 22,000
Answer: B Difficulty: Medium
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