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RockField Co. had 10,000 shares of common stock outstanding as of January 1. The following events occurred during the year: 4/1 Issued 3,000 shares of
RockField Co. had 10,000 shares of common stock outstanding as of January 1. The following events occurred during the year:
4/1 Issued 3,000 shares of common stock.
7/1 Distributes 20% stock dividend 10/1 Purchases 4000 shares of stock for treasury.
10/1 Purchases 4000 shares of stock for treasury
12/1 declares and distributes a 3 to 1 stock split.
What is the weighted average number of shares to be used for computing Earnings Per Share?
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