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28 Sep 2019
Weighted Average Shares-At the beginning of the current year, Hardin Company had 20,000 shares of $10 per common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end it had 63,800 shares outstanding: April 1 Issued 5,000 shares of stock. June 1, Issued 4,000 shares of stock July 1, Issued a 10% stock dividend Sept 30, Issued a 2-for-1 stock split, reducing the par value to $5 per share. Oct. 1 Reacquired 1,000 shares as treasury stock Nov 30, Reissued the 1,000 shares of treasury stock. REQUIRED: Determine the weighted average number of shares outstanding for computing the current earnings per share
Weighted Average Shares-At the beginning of the current year, Hardin Company had 20,000 shares of $10 per common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end it had 63,800 shares outstanding: April 1 Issued 5,000 shares of stock. June 1, Issued 4,000 shares of stock July 1, Issued a 10% stock dividend Sept 30, Issued a 2-for-1 stock split, reducing the par value to $5 per share. Oct. 1 Reacquired 1,000 shares as treasury stock Nov 30, Reissued the 1,000 shares of treasury stock. REQUIRED: Determine the weighted average number of shares outstanding for computing the current earnings per share
Elin HesselLv2
28 Sep 2019