Given the Following Sequence of Events,determine the Weighted Average Number

question 107

Multiple Choice

Given the following sequence of events,determine the weighted average number of shares 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

• A) 1,125
• B) 475
• C) 270
• D) 810

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Definitions:

Canada

A country in North America known for its vast landscapes, multicultural population, and as a member of the Commonwealth with a parliamentary democracy and a constitutional monarchy.

U.S. Surgeon General

The leading spokesperson on matters of public health in the federal government of the United States, responsible for issuing warnings and advisories to the public.

Cigarette Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug, which can lead to numerous health issues, including cancer, heart disease, and respiratory problems.

Tobacco Crops

Plants cultivated for their leaves, which are dried and processed primarily for smoking in cigarettes, cigars, and pipes or for chewing.