4 5 You, the Senior Accountant of Hyder Co. are calculating the weighted average number of common shares for the year ended December 31, 2020. The following is a summary of Ryder Co.'s common share activities for the year ending December 31, 2020: 250,000 common shares were issued and outstanding on January 1, 2020 15,000.common shares were issued for cash on March 1, 2020 A 2.for stock split of Ryder Co.'s common shares occurred on April 30, 2020 75,000 common shares were issued for cash on November 1, 2020 7 8 REQUIRED: Calculate the weighted average number of common shares using the workspace provided. Round your final answer ONLY Once completed, answer the following multiple-choice questions. No marks are given for completing the workspace. All multiple-choice answers must be completed in EXCEL. Select the best answer from the drop down its in the blue bones provided below the question C/S outstanding Adi Date 13 14 (1). How does the 2-for-stock split impact the opening common share balance of 250,000 common shares? 250,000 common shares will be added to the opening balance as an adjustment. B 25,000 common shares will be added to the opening balance as an adjustment C Stock splits only impact common shares from the date of announcement till the end of the year D. 250,000 common shares will be subtracted from the opening balance as an adjustment 1 Answer 229 RRS 19 (2). How does the 2 for 1 stock split impact the March 1st issuance of 15,000 common shares? Stock splits only impact common shares from the date of announcement till the end of the year, A positive adjustment (increase) C A negative adjustment (decrease). D No impact as stock splits do not impact the weighted average number of common shares outstandine. OS A year. 25 (3). How does the 2-for-1 stock split impact the 75,000 common shares issued on November 1, 20207 27 75,000 common shares will be added as an adjustment 28 B. 75,000 common shares will be subtracted as an adjustment. C. Stock splits only impact common shares up to the date of announcement and do not adjust 29 any thereafter D Stock splits only impact common shares from the date of announcement till the end of the 30 31 3 Answers 372 (4). What is the fraction of the year (# of months) to consider the 75,000 common shares issued? A. 2/12 . 12/12 36 1/12 37 D. 10/12 #4 Answer 38 39 40 (5). (2 marks) What is the weighted average number of common shares calculated? 41 A. 275,000 42 B. 537,500 43 . 605,000 44 D. 436,666 #5 Answer 45 CND OF QUESTION 6