Strait Company has outstanding shares as follows: common stock, no par, 16,000 shares and preferred stock, par $10, 5,000 shares. The number of shares that should be used in the denominator to compute earnings per share should be

A. 5,000.
B. 16,000.
C. 18,000.
D. 21,000.
E. 50,000.

Ans: B. 16,000.

Business

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