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Sagot :
Answer:
Hardin Company
The weighted average number of shares outstanding for computing the current earnings per share is:
= 35,841.
Explanation:
a) Data and Calculations:
Date Transaction Number Weight Result
January 1 Outstanding 20,000 12/12 20,000
April 1 Issue of shares 5,000 9/12 3,750
June 1 Issue of shares 4,000 7/12 2,333
July 1 Stock Dividend 2,900 6/12 1,450
Sept. 30 Stock split 31,900 3/12 7,975
Oct. 1 Treasury Stock (1,000) 3/12 250
Nov. 30 Treasury Stock 1,000 1/12 83
Dec. 31 Outstanding weighted average shares 35,841
b) The Stock dividend was issued to 29,000 shares. The 10% gives 2,900 shares. For the stock split of 2 for 1, the number of shares will double, meaning that each shareholder will now have 2 shares.
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