Warren, Inc.determined the following information concerning its common stock during 2010: January 1 40,000 shares outstanding April 1 Issued a 10% stock dividend July 1 Issued an additional 1,900 share October 1 Issued a 2-for-1 stock split December 1 Reacquired 3,000 shares \begin{array}{ll} ext { January 1 } & ext { 40,000 shares outstanding } \ ext { April 1 } & ext { Issued a 10\% stock dividend } \ ext { July 1 } & ext { Issued an additional 1,900 share } \ ext { October 1 } & ext { Issued a 2-for-1 stock split } \ ext { December 1 } & ext { Reacquired 3,000 shares }\end{array} January 1 April 1 July 1 October 1 December 1 40,000 shares outstanding Issued a 10% stock dividend Issued an additional 1,900 share Issued a 2-for-1 stock split Reacquired 3,000 shares Required:What should Warren, Inc.use as the denominator for its basic earnings per share calculation for 2010?

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Warren, Inc.determined the following information concerning its common stock during 2010:  January 1   40,000 shares outstanding   April 1   Issued a 10% stock dividend   July 1   Issued an additional 1,900 share   October 1   Issued a 2-for-1 stock split   December 1   Reacquired 3,000 shares  \begin{array}{ll}	ext { January 1 }  &  	ext { 40,000 shares outstanding } \	ext { April 1 }  &  	ext { Issued a 10\% stock dividend } \	ext { July 1 }  &  	ext { Issued an additional 1,900 share } \	ext { October 1 }  &  	ext { Issued a 2-for-1 stock split } \	ext { December 1 }  &  	ext { Reacquired 3,000 shares }\end{array}  January 1   April 1   July 1   October 1   December 1  ​  40,000 shares outstanding   Issued a 10% stock dividend   Issued an additional 1,900 share   Issued a 2-for-1 stock split   Reacquired 3,000 shares  ​ Required:What should Warren, Inc.use as the denominator for its basic earnings per share calculation for 2010?

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