Homework Answers
79.
Calculate weighted-average number of shares as follows:
| A | B | C | D | E | F | G | H | |
| 1 | Date | Particulars | No. of Shares Outstanding | Restatement for Stock Dividend | Restatement for Stock-split | Number of Months Outstanding | Weight | Weighted-average Number of Shares |
| 2 | Jan. 1 | Shares issued | 25000 | 1.25 | 4 | 3 | 0.25 | 31250 |
| 3 | Apr. 1 | Acquired treasury stock | 21000 | 1.25 | 4 | 1 | 0.08333 | 8750 |
| 4 | May. 1 | 4-for-1 stock split | 84000 | 1.25 | 3 | 0.25 | 26250 | |
| 5 | Aug. 1 | Shares issued | 104000 | 1.25 | 4 | 0.33333 | 43333 | |
| 6 | Dec. 1 | Stock dividend | 130000 | 1 | 0.08333 | 10833 | ||
| 7 | Total weighted-average number of shares | 120417 | ||||||
Therefore, the correct answer is C.
Above figures have been calculated in the following manner:
| A | B | C | D | E | F | G | H | |
| 1 | Date | Particulars | No. of Shares Outstanding | Restatement for Stock Dividend | Restatement for Stock-split | Number of Months Outstanding | Weight | Weighted-average Number of Shares |
| 2 | Jan. 1 | Shares issued | 25000 | 1.25 | 4 | 3 | =F2/12 | =C2*D2*E2*G2 |
| 3 | Apr. 1 | Acquired treasury stock | =C2-4000 | 1.25 | 4 | 1 | =F3/12 | =C3*D3*E3*G3 |
| 4 | May. 1 | 4-for-1 stock split | =C3*4 | 1.25 | 3 | =F4/12 | =C4*D4*G4 | |
| 5 | Aug. 1 | Shares issued | =C4+20000 | 1.25 | 4 | =F5/12 | =C5*D5*G5 | |
| 6 | Dec. 1 | Stock dividend | =C5*1.25 | 1 | =F6/12 | =C6*G6 | ||
| 7 | Total weighted-average number of shares | =SUM(H2:H6) | ||||||
80.
Calculate weighted-average number of shares as follows:
| A | B | C | D | E | F | G | H | |
| 1 | Date | Particulars | No. of Shares Outstanding | Restatement for Stock Dividend | Restatement for Stock-split | Number of Months Outstanding | Weight | Weighted-average Number of Shares |
| 2 | Jan. 1 | Shares issued | 5000 | 1.2 | 2 | 3 | 0.25 | 3000 |
| 3 | Apr. 1 | Acquired treasury stock | 4600 | 1.2 | 2 | 1 | 0.08333 | 920 |
| 4 | May. 1 | 2-for-1 stock split | 9200 | 1.2 | 3 | 0.25 | 2760 | |
| 5 | Aug. 1 | Shares issued | 11200 | 1.2 | 4 | 0.33333 | 4480 | |
| 6 | Dec. 1 | Stock dividend | 13440 | 1 | 0.08333 | 1120 | ||
| 7 | Total weighted-average number of shares | 12280 | ||||||
Therefore, the correct answer is A.
Above figures have been calculated in the following manner:
| A | B | C | D | E | F | G | H | |
| 1 | Date | Particulars | No. of Shares Outstanding | Restatement for Stock Dividend | Restatement for Stock-split | Number of Months Outstanding | Weight | Weighted-average Number of Shares |
| 2 | Jan. 1 | Shares issued | 5000 | 1.2 | 2 | 3 | =F2/12 | =C2*D2*E2*G2 |
| 3 | Apr. 1 | Acquired treasury stock | =C2-400 | 1.2 | 2 | 1 | =F3/12 | =C3*D3*E3*G3 |
| 4 | May. 1 | 2-for-1 stock split | =C3*2 | 1.2 | 3 | =F4/12 | =C4*D4*G4 | |
| 5 | Aug. 1 | Shares issued | =C4+2000 | 1.2 | 4 | =F5/12 | =C5*D5*G5 | |
| 6 | Dec. 1 | Stock dividend | =C5*1.2 | 1 | =F6/12 | =C6*G6 | ||
| 7 | Total weighted-average number of shares | =SUM(H2:H6) | ||||||
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