Question
Computation of Weighted Average Shares - The Bronco Corporation show the following share activity for the year 2019. Date Share Activity January 1st Beginning Share
Computation of Weighted Average Shares - The Bronco Corporation show the following share activity for the year 2019.
Date | Share Activity |
January 1st | Beginning Share Balance was 270,000 |
April 1st | Issued 90,000 shares for Cash |
July 1st | Purchased 117,000 Shares |
November 1st | Issued 180,000 shares for Cash |
Required: Compute the weighted average number of shares outstanding at the end of the year
Date | Share Activity | Share Changes | |
January 1st | Beginning Share Balance |
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April 1st |
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July 1st |
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November 1st |
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December 31st | Ending Balance |
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Dates Outstanfing | Shares Outstanding | Fraction of Year | Weighted Shares |
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Weighted Average Number of Shares Outstanding |
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