Which Statement Is Correct About the "Weighted Average Number of Ordinary

question 65

Multiple Choice

Which statement is correct about the "weighted average number of ordinary shares outstanding" (WASO) ?

• A)Stock repurchases do not impact the WASO.
• B)The actual date of share issuances is ignored in the WASO.
• C)The actual date of stock splits is ignored in the WASO.
• D)Stock dividends do not impact the WASO.

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Definitions:

Actual Production

Refers to the actual quantity of goods or services produced during a specific period, as opposed to planned or projected amounts.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected cost, based on standards set for quantity and price.

Actual Operations

The real-world activities carried out by a company, as opposed to planned or projected operations.