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A B FOR GRADIN PROBLEM 1 (5 POINTS) F G H Laurin Limited had 101,000 shars outstanding on Jan 1, Y4. On March 31, Y4 Laurin issued 23,000 shares in exchange for equipment On July 1, Y4 Laurin repurchased and cancelled 24,000 shares On October 31, Y4 Laurin declared and issued a 20% stock dividend REQUIRED Calculate Laurin's weighted average number of shares outstanding at Dec 31, Y4. Event Dates Outstanding Shares Fraction Weighted Outstanding Restatement of year Shares Beg bal 1/1-3/1 101,000 1.20 0.17 20,200 sold shares 3/1-7/1 124,000 1.20 0.33 49,600 repurchased 7/1 - 10/1 100,000 1.20 0.25 30,000 stock div 10/1 - 12/31 120,000 0.25 30,000 129,800

A B FOR GRADIN PROBLEM 1 (5 POINTS) F G H Laurin Limited had 101,000 shars outstanding on Jan 1, Y4. On March 31, Y4 Laurin issued 23,000 shares in exchange for equipment On July 1, Y4 Laurin repurchased and cancelled 24,000 shares On October 31, Y4 Laurin declared and issued a 20% stock dividend REQUIRED Calculate Laurin's weighted average number of shares outstanding at Dec 31, Y4. Event Dates Outstanding Shares Fraction Weighted Outstanding Restatement of year Shares Beg bal 1/1-3/1 101,000 1.20 0.17 20,200 sold shares 3/1-7/1 124,000 1.20 0.33 49,600 repurchased 7/1 - 10/1 100,000 1.20 0.25 30,000 stock div 10/1 - 12/31 120,000 0.25 30,000 129,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A B FOR GRADIN PROBLEM 1 (5 POINTS) F G H Laurin Limited had 101,000 shars outstanding on Jan 1, Y4. On March 31, Y4 Laurin issued 23,000 shares in exchange for equipment On July 1, Y4 Laurin repurchased and cancelled 24,000 shares On October 31, Y4 Laurin declared and issued a 20% stock dividend REQUIRED Calculate Laurin's weighted average number of shares outstanding at Dec 31, Y4. Event Dates Outstanding Shares Fraction Weighted Outstanding Restatement of year Shares Beg bal 1/1-3/1 101,000 1.20 0.17 20,200 sold shares 3/1-7/1 124,000 1.20 0.33 49,600 repurchased 7/1 - 10/1 100,000 1.20 0.25 30,000 stock div 10/1 - 12/31 120,000 0.25 30,000 129,800
Transcribed Image Text:A B FOR GRADIN PROBLEM 1 (5 POINTS) F G H Laurin Limited had 101,000 shars outstanding on Jan 1, Y4. On March 31, Y4 Laurin issued 23,000 shares in exchange for equipment On July 1, Y4 Laurin repurchased and cancelled 24,000 shares On October 31, Y4 Laurin declared and issued a 20% stock dividend REQUIRED Calculate Laurin's weighted average number of shares outstanding at Dec 31, Y4. Event Dates Outstanding Shares Fraction Weighted Outstanding Restatement of year Shares Beg bal 1/1-3/1 101,000 1.20 0.17 20,200 sold shares 3/1-7/1 124,000 1.20 0.33 49,600 repurchased 7/1 - 10/1 100,000 1.20 0.25 30,000 stock div 10/1 - 12/31 120,000 0.25 30,000 129,800
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