Outdoor Recreation Products Inc. had 50,000 shares of common stock outstanding at the end of 2012. During

Question:

Outdoor Recreation Products Inc. had 50,000 shares of outstanding at the end of 2012. During 2013 and 2014, the following transactions took place.
2013
Mar. 31 Sold 10,000 shares at $24.
Apr. 26 Paid cash of $0.45 per share.
July. 31 Paid cash of $0.20 per share and issued a 5% stock 1 Sold 12,000 shares at $25.
2014
Feb. 28 Purchased 8,000 shares of to be held in treasury.
Mar. 1 Paid cash of $0.50 per share.
Apr. 30 Issued 4-for-1 stock split.
Nov. 1 Sold 5,000 shares of treasury stock.
Dec. 20 Declared cash of $0.15 per share.
Outdoor Recreation Products Inc. has a simple capital structure.
Instructions:
Compute the weighted-average number of shares for 2013 and 2014 to be used in the EPS computation at the end of 2014.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...