The following information pertains to Ceil Co., a company whose common stock trades in a public market:
|
Shares outstanding at 1/1 |
100,000 |
|
Stock dividend at 3/31 |
24,000 |
|
Stock issuance at 6/30 |
5,000 |
What is the weighted-average number of shares Ceil should use to calculate its basic earnings per share for the year ended December 31?
- 120,500
- 123,000
- 126,500
- 129,000