Tasha company had the following ordinary shares outstanding during the current year: 1/1, ordinary shares outstanding, 450,000; 2/1, issued a 10% share dividend, 45,000; 3/1, issued ordinary shares in a "purchase" combination, 135,000; 7/1, issued ordinary shares for cash, 120,000; 12/31 ordinary shares outstanding, 750,000. What is the weighted average number of shares outstanding?
Tasha company had the following ordinary shares outstanding during the current year: 1/1, ordinary shares outstanding, 450,000; 2/1, issued a 10% share dividend, 45,000; 3/1, issued ordinary shares in a "purchase" combination, 135,000; 7/1, issued ordinary shares for cash, 120,000; 12/31 ordinary shares outstanding, 750,000. What is the weighted average number of shares outstanding?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...
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Tasha company had the following ordinary shares outstanding during the current year: 1/1, ordinary shares outstanding, 450,000; 2/1, issued a 10% share dividend, 45,000; 3/1, issued ordinary shares in a "purchase" combination, 135,000; 7/1, issued ordinary shares for cash, 120,000; 12/31 ordinary shares outstanding, 750,000. What is the weighted average number of shares outstanding?
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