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
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
3rd Edition
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
Section: Chapter Questions
Problem 3RE
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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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