Question
On January 1 of the current year, Karen Company had 200,000 issued and outstanding ordinary shares. The entity had the following transactions during the year:
On January 1 of the current year, Karen Company had 200,000 issued and outstanding ordinary shares. The entity had the following transactions during the year:
- March 1 Issued 15,000 ordinary shares
- April 1 Declared 20% bonus issue
- July 1 Reacquired 10,000 ordinary shares to be held in treasury
- October 1 Reissued 4,000 treasury shares
The weighted average ordinary shares in computing for the earnings per share is how many?
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
