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On January 1, 2018, Warren Corporation had 1,020,000 shares of common stock outstanding. On March 1,...


On January 1, 2018, Warren Corporation had 1,020,000 shares of common stock outstanding. On March 1, the corporation issued 160,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 550,000 of its own outstanding shares and retired them.

Compute the weighted average number of shares to be used in computing earnings per share for 2018.

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Answer #1

Calculate weighted average number of shares

Weighted average share
Jan 1 1020000*2*2/12 340000
Mar 1 1180000*2*4/12 786667
July 1 1180000*2*3/12 590000
Oct 1 1810000*3/12 452500
Total 2169167

So weighted average share is 2169167 Shares

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