ADMS 3595 Lecture Notes - Lecture 17: Shares Outstanding, Dividend, Stock Split

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Sample Questions Chapter 17
Use the following information to answer Pr. 17-4917-50.
Golden Corp. has been operating successfully for the past fifteen years. However, during recent years,
its common shares outstanding changed as shown below. The corporation uses the calendar year as its
fiscal year.
2014 2013 2012
Shares outstanding, Jan 1 300,000 240,000 200,000
Shares sold, Apr 2012 40,000
25% stock dividend, Jul 1, 2013 60,000
2-for-1 stock split, Jul 1, 2014 300,000
Shares sold, Oct 1, 2014 100,000
Shares outstanding, Dec 31 700,000 300,000 240,000
Net Income $ 750,000 660,000 598,000
Pr. 17-49 Weighted average calculations
Calculate the weighted average number of shares outstanding for each year.
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