Question
Weighted Average Shares At the beginning on 2016, Greene Company had 250,000 shares of $10 par common stock outstanding. During the year, it engaged in
Weighted Average Shares
At the beginning on 2016, Greene Company had 250,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:
March 1. Issued 45,000 shares of stock at $25 per share
June 1. Issues a 10% stock dividend
July 1 Issued 9,000 shares of stock at $30 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 100,000 shares as treasury stock at a cost of $33 per share.
Nov. 30 reissued 55,000 treasury shares at a price of $36 per share
Determine the weighted average number of shares outstanding for computing the current earrings per share. Round you interim computations and final answer for the number of shares to nearest whole number.
Determine the number of common shares outstanding at Dec. 31, 2016
Please show your work, I keep getting an incorrect number and can't figured out where I am going wrong.
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