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    coco263145 Posts: 4, Reputation: 1
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    Mar 12, 2011, 06:13 PM
    On January 1, 2010 Warren Corporation had 1,000,000 shares of common stock outstandin
    On January 1, 2010 Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them.

    Required: Compute the weighted average number of shares to be used in computing earnings per share for 2010
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    pready Posts: 3,197, Reputation: 207
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    Mar 12, 2011, 09:01 PM

    You have 1 million shares outstanding for 2 months.

    For four months you have 1,150,000 shares outstanding.

    For three months you have 2,300,000 shares outstanding.

    For the final three months you have 1,700,000 shares outstanding.
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