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Weighted average number of common shares

Weighted average number of common shares

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Splish Corporation began its latest fiscal year on January 1, 2021, with 470,000 common shares outstanding. During the year, the following events occurred: . . On February 1, Splish sold 14,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Splish repurchased and cancelled 3,700 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Splish declared and issued a three-for-one stock split. On December 1, Splish issued an additional 13,500 shares. Following the fiscal year, Splish declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Splish should use for calculating its EPS numbers for 2021. Weighted average number of common shares
Transcribed Image Text:Splish Corporation began its latest fiscal year on January 1, 2021, with 470,000 common shares outstanding. During the year, the following events occurred: . . On February 1, Splish sold 14,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Splish repurchased and cancelled 3,700 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Splish declared and issued a three-for-one stock split. On December 1, Splish issued an additional 13,500 shares. Following the fiscal year, Splish declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Splish should use for calculating its EPS numbers for 2021. Weighted average number of common shares
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