Question
Golden Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation
Golden 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. 2019 2018 2017 Shares outstanding, Jan 1 300,000 240,000 200,000 Shares sold, Apr 2017 40,000 25% stock dividend, Jul 1, 2018 60,000 2-for-1 stock split, Jul 1, 2019 300,000 Shares sold, Oct 1, 2019 100,000 Shares outstanding, Dec 31 700,000 300,000 240,000 Net Income $ 750,000 660,000 598,000
Required: 1. Calculate the weighted average number of shares outstanding for each year.
2. Assuming there were no preferred shares outstanding, calculate EPS for each year
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