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  3. question 5 3 pts fox co. had 150,000 common shares

Question 5 3 pts Fox Co. had 150,000 common shares outstanding at January 1. On...

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Question 5 3 pts Fox Co. had 150,000 common shares outstanding at January 1. On May 1, Fox issued 45,000 additional shares of common stock. On October 1, Fox issued 10,000 shares of convertible, cumulative preferred shares. After year-end, but before issuing financial statements, Fox declared a 3 for 1 common stock split. What amount should Fox use for its Basic EPS denominator? 540,000 240,000 697,500 176,250 232,500

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