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Q.2. Calculate weighted average number of shares outstanding with the help of the following information: Date Share Changes Shares Outstanding January 1, 2018 Opening balance
Q.2. Calculate weighted average number of shares outstanding with the help of the following information:
Date | Share Changes | Shares Outstanding |
January 1, 2018 | Opening balance | 171,000 |
March1,2018 | Issued 50,000 shares for cash | 50,000 |
| Total shares | 221,000 |
June 1, 2018 | Less Purchased 33,500 shares (buyback) | 33,500 |
| Total shares | 187,500 |
October1, 2018 | Issued 44,000 shares for cash | 44,000 |
December 31, 2018 | Ending balance | 231,500 |
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