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    baj1951's Avatar
    baj1951 Posts: 2, Reputation: 1
    New Member
     
    #1

    Nov 16, 2008, 08:24 PM
    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
    baj1951's Avatar
    baj1951 Posts: 2, Reputation: 1
    New Member
     
    #2

    Nov 16, 2008, 08:29 PM
    Form for last post on common shares
    CORTEZ, INC.

    Part 1. Year 2003 weighted-average shares:

    Outstanding Effect of Fraction Weighted
    Time Period Shares Dividend of Year Average[/B]January-March
    April-June
    July-September
    October-December
    Weighted-average shares outstanding

    I am sorry this doesn't look like my form but this is where the answers go Thanks so much
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Nov 16, 2008, 09:15 PM

    We are not here to do homework,

    If you want to give us your answer and why, our experts will discuss you answers.

    I have combined your posts

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