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Given the following sequence of events, determine the weighted average number of share for earnings per share purposes: January 1 100 common shares issued and outstanding April 1 issued 50 previously unissued shares
May 1 split the stock 2-for-1
June 30 purchased 100 shares for the treasury July 30 distributed a 20% stock dividend December 31 Split the stock 3-for-1
Sixth Circuit
A federal judicial circuit in the United States that encompasses parts of the Midwest, including Kentucky, Michigan, Ohio, and Tennessee.
Eighth Circuit
Refers to the United States Court of Appeals for the Eighth Circuit, a federal court with appellate jurisdiction over the district courts in certain Midwestern and Southern states.
Case on All Fours
Describes a case with factual and legal circumstances so similar to a case at hand that its precedent is considered highly persuasive.
Plaintiff
The party who initiates a lawsuit by filing a complaint against the defendant alleging wrongdoing.
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