On January 1,2017,Bedrock Corporation Had Outstanding 90,000 Common Shares

question 125

Essay

On January 1,2017,Bedrock Corporation had outstanding 90,000 common shares.On March 1,2017,Bedrock Corporation issued an additional 5,000 common shares for cash.On May 31,2017,Bedrock Corporation received equipment with a current market value of $60,000 in exchange for issuing 3,000 common shares.On August 1,2017,Bedrock Corporation reacquired 5,000 of its own shares by paying shareholders $25 per share.On November 1,2017,1,000 of the repurchased shares were resold.
Compute the weighted-average number of shares outstanding to be used in the earnings per share calculation.

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Definitions:

Renewable Energy

Energy produced from sources that do not deplete or can be replenished within a human's lifetime, such as wind or solar power.

Heat Energy

The energy that is transferred between systems or objects with different temperatures, often perceived as warmth.

Conventional Heat Pump

is a system that uses electricity and refrigerants to transfer heat from one place to another, typically used for heating or cooling buildings.

Constant Temperature

A condition where the temperature of an environment or system remains unchanged over time.