| weight average of common stocks i need help with this problem om in accounting I just can't get it
here is what the question uses as a reference and how the answer should be posted:
compute the weighed average of the common shares outstanding for 2003
outstanding shares on December 31, 2002 . . . . . . . 40,000
2003
treasury stock purchase on April 1 . . . . . . . . . . . . . 4,000
issuance of new shares on June 30 . . . . . . . . . . . . . . 12,000
10% stock dividend on October 1 . . . . . . . . . . . . . . 4,800
outstanding shares on December 31, 2003 . . . . . . . 52,800
2004
issuance of new shares on July 1 . . . . . . . . . . . . . . . 16,000
treasury stock purchase on November 1 . . . . . . . . . 4,800
outstanding shares on December 31, 2004 . . . . . . . 64,000
2005
issuance of new shares on August 1 . . . . . . . . . . . . . 20,000
treasury stock purchase on September 1 . . . . . . . . . 4,000
3-for-1 stock split on October 1 . . . . . . . . . . . . . . . 160,000
outstanding shares on December 31, 2005 . . . . . . . 240,000 |