1. On January 1, Co had outs 1, it sold an additional 500,000 s May 1. On August 1, it purch for $35 per share. What is the we a. 650,000 b. 700,000 c. 450,000 d. 525,000 DU 422 before 11:00am stock. On March 1. Co had outstanding 250.000 shares of its $1 par value common stock. On dditional 500,000 shares at $25 per share. Co issued a 10% stock dividend on August 1, it purchased 280.000 shares. On December 1.400.000 shares were sold ure. What is the weighted average number of shares outstanding for the year 2. When computing diluted earnings per share, convertible bonds are a. ignored. D. assumed converted whether they are dilutive or antidilutive. c. assumed converted only if they are antidilutive. d. assumed converted only if they are dilutive. 3. Inco has 3,600,000 shares of common stock outstanding on January 1. A mmon stock outstanding on January 1. An additional 300,000 common stock were issued on July 1, and 600,000 more on October 1. On April 1, it issued 6,000, $1,000 face value, 4% convertible bonds. Each bond is ce value, 4% convertible bonds. Each bond is convertible into 80 shares of common stock. No bonds were converted into common stock that year. What of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31? a. 3,900,000 and 3,900,000 b. 3,900,000 and 4,260,000 c. 3,900,000 and 4,380,000 d. 4,500,000 and 4,860,000 4. Warrants exercisable at $20 each to obtain 30,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted average number of outstanding shares by a. 30,000. b. 24,000. c. 18,000. 6,000