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Determine the weighted average number of shares outstanding for computing the current earnings per share. Weighted Average Shares At the beginning of 2019, Hardin Company
Determine the weighted average number of shares outstanding for computing the current earnings per share.
Weighted Average Shares At the beginning of 2019, Hardin Company had 390,000 shares of $10 par common stock outstanding. During the other its common stock: March 1 Issued 46,000 shares of stock at $22 per share June 1 Issued a 15% stock dividend. July 1 issued 11,000 shares of stock at $27 per share Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the per value to $5 per share Oct. 31 Reacquired 86,000 shares as treasury stock at a cost of $30 per share. Nov. 30 Reissued 45,000 treasury shares at a price of 833 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current eamings per share. Round your interim computations and final awww.. for the number of shares to nearest whole number. shares 2. Determine the number of common shares outstanding at December 31, 2019 shares Step by Step Solution
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