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Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation
Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year as its fiscal year.
2023 | 2022 | 2021 | ||||
---|---|---|---|---|---|---|
Shares outstanding, Jan 1 | 315,000 | 252,000 | 206,000 | |||
Shares sold, Apr 1, 2021 | 46,000 | |||||
25% stock dividend, Jul 1, 2022 | 63,000 | |||||
2-for-1 stock split, Jul 1, 2023 | 315,000 | |||||
Shares sold, Oct 1, 2023 | 106,000 | |||||
Shares outstanding, Dec 31 | 736,000 | 315,000 | 252,000 | |||
Net Income | $761,540 | 670,950 | 601,250 |
(a)
Calculate the weighted average number of shares outstanding for each year.
2023 | 2022 | 2021 | ||||
---|---|---|---|---|---|---|
Weighted average number of shares outstanding | enter a number of shares | enter a number of shares | enter a number of shares |
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