Omniponent company had 100 000 ordinary shares issued and outstanding at January 1. During the current year, the entity also had the ordinary share transactions listed below: Apr 1        Issued 30 000 previously unissued shares May 1       Split the share 2-for-1 Jun 30      Purchased 10 000 shares for the treasury Jul 30        Distributed a 20% bonus issue Dec 31      Split the stock 3-for-1 what is the weighted average number of shares for EPS purposes? a.288,000 b.864,000 c.882,000 d.972,000

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
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Omniponent company had 100 000 ordinary shares issued and outstanding at January 1. During the current year, the entity also had the ordinary share transactions listed below:

Apr 1        Issued 30 000 previously unissued shares
May 1       Split the share 2-for-1
Jun 30      Purchased 10 000 shares for the treasury
Jul 30        Distributed a 20% bonus issue
Dec 31      Split the stock 3-for-1

what is the weighted average number of shares for EPS purposes?
a.288,000
b.864,000
c.882,000
d.972,000

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