Question
Granite Marbles Manufacturing Company has the following changes in its ordinary outstanding shares during 2019: 1-Jan Beginning balance 300,000 1-Apr Repurchased of 50,000 shares 50,000
Granite Marbles Manufacturing Company has the following changes in its ordinary outstanding shares during 2019:
1-Jan Beginning balance 300,000
1-Apr Repurchased of 50,000 shares 50,000
1-aug Share split 3- 1 shares 500,000
1-Oct Issued additional shares 40,000
Required
(a) Calculate the weighted average outstanding shares.
(b) Calculate the earnings per share "EPS", assume that the net income was $ 400,000
Answer from your tutor:
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
