单选题 A company has the following sequence of events regarding their stock: One million shares outstanding at the beginning of the year. On June 30th, they declared and issued a 10% stock dividend. On September 30th, they sold 400000 shares of common stock at par. Basic earnings per share at year-end will be computed on how many shares?
【正确答案】 C
【答案解析】
1000000(12)=
12000000
100000(12)=
1200000
400000(3)=
1200000
Total=
14400000/12=1200000