Assignment Detail

Tutors

Determine the weighted average number of shares outstanding

    Assignment Instructions

    Assignment ID: FG133136235

    Question – Weighted Average Shares – At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

    Mar. 1 Issued 45,000 shares of stock at $22 per share.

    June 1 Issued a 15% stock dividend.

    July 1 Issued 10,000 shares of stock at $27 per share.

    Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.

    Oct. 31 Reacquired 95,000 shares as treasury stock at a cost of $30 per share.

    Nov. 30 Reissued 45,000 treasury shares at a price of $33 per share.

    Required –

    1. Determine the weighted average number of shares outstanding for computing the current earnings per share.

    2. Determine the number of common shares outstanding at December 31, 2019.

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:
    4.6/5

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    //
    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?