Question
Trim - Krim Honey Products began the current year with 12, 000 common shares outstanding. The firm issued additional shares of 2,100 and 3,000 on
Trim - Krim Honey Products began the current year with 12, 000 common shares outstanding. The firm issued additional shares of 2,100 and 3,000 on February 1 and July1, respectively. In addition, the firm purchased 780 shares of treasury stock on September 1. The firm's year end is December 31. In addition, Trim minus Krim implemented a 3-for-1 stock split on May 1. Compute the weighted-average shares outstanding.
(Enter a decrease in shares outstanding with a minus sign or parentheses.)
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| Number of Shares | Weight by Number of Months | Weighted-Average |
Date | Event | Outstanding | Shares Are Outstanding | Shares Outstanding |
1/1 | Balance |
|
|
|
2/1 | New Issue |
|
|
|
| Subtotal before the stock split |
|
|
|
5/1 | 3-1 Stock Split |
|
|
|
| Subtotal after the stock split |
|
|
|
7/1 | New Issue |
|
|
|
9/1 | Treasury Stock Purchase |
|
|
|
12/31 | Balance |
|
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