I need the last two questions. Thank you
Answer 1.
Shares for 2019
1,920,000 * 9/12 = 1,440,000
stock dividend = 1,440,000 * 10 / 100 = 144000
Total = 1,440,000 + 144,000 = 1,584,000
1,920,000 * 3/12 = 480,000
stock dividend = 192000 * 3/12 = 48000
Total = 480,000 + 48,000 = 528,000
Total average shares = 1584000 + 528000 = 2112000
Answer 2.
Shares for 2020
2112000 * 3/ 12 = 528000
4,172,000 * 9/ 12 = 3,129,000
Total = 528000 + 3129000 = 3657000 = 3657 shares
Answer 3.
shares for 2020 = 3657
shares after stock split = 3657 *2 = 7314
Answer 4.
4172000 * 3/12 * 2= 1043000 = 2086000
[4172000 * 2] * 9 / 12 = 6258000
Total = 2086 + 6258 = 8344 shares
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Exercise 16-15
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