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Weighted Average Shares At the beginning of 2014, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in
Weighted Average Shares At the beginning of 2014, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: Mar. 1 Issued 45,000 shares of stock at $22 per share. June 1 Issued a 15% stock dividend. Duly 1 Issued 10,000 shares of stock at $27 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. oct. 31 Reacquired 95,000 shares as treasury stock at a cost of $30 per share. Nov. 30Reissued 45,000 treasury shares at a price of $33 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. 579,500] x shares 2. Determine the number of common shares outstanding at December 31, 2014 S59,292 x shares Feedback Check My Wok Note You should assume (for earnings per share computations) that a stock dividend or split occurred at the beginning of the earliest comparative period. Then you should also assume that all stock transactions between this beginning date and the actual date of the stock dividend or split included the additional shares resulting from the assumed dividend or split
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