Homework Answers
Solution:
| Computation of weighted average outstanding shares | |||||||
| Date | Number of shares | Stock Dividend Restatement | Stock Split Restatement | No. of months | Total Months | Weighted-average shares | |
| 01-Jan | Shares outstanding | 465000 | 1.1 | 3 | 12 | 12 | 1534500 |
| 01-Feb | Issued shares | 126000 | 1.1 | 3 | 11 | 12 | 381150 |
| 01-May | Reacquired Shares | -102000 | 3 | 8 | 12 | -204000 | |
| 01-Oct | Reissued shares | 61000 | 3 | 12 | 15250 | ||
| Total weighted average number of shares outstanding | 1726900 | ||||||
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