Homework Answers
| Additional |
Shares Outstanding (A) |
Stock Split (B) |
Period Outstanding (C ) |
Weighted Average Shares (A x B X C) |
|
| January 1 | - | 1,040,000 | 2/1 | 2/12 | 346,667 |
| March 1 | 150,000 |
1,190,000 (1,040,000 + 150,000 ) |
2/1 | 4 /12 | 793,333 |
| July 1 | 1,190,000 | 2,380,000 | 3/12 | 595,000 | |
| October 1 | -500,000 |
1,880,000 ( 2,380,000 (-) 500,000) |
3/12 | 470,000 | |
| Weighted average number of shares | 2,205,000 Shares |
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