Bonita Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● . ● ● On February 1, Bonita sold 14,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Bonita repurchased and cancelled 3,700 common shares. An additional 4,900 common shares were issued on July 1. On September 1, Bonita declared and issued a three-for-one stock split. On December 1, Bonita issued an additional 14,100 shares. Following the fiscal year, Bonita declared and issued a two-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average number of common shares that Bonita should use for calculating its EPS numbers for 2023. Weighted average number of common shares
Bonita Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● . ● ● On February 1, Bonita sold 14,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Bonita repurchased and cancelled 3,700 common shares. An additional 4,900 common shares were issued on July 1. On September 1, Bonita declared and issued a three-for-one stock split. On December 1, Bonita issued an additional 14,100 shares. Following the fiscal year, Bonita declared and issued a two-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average number of common shares that Bonita should use for calculating its EPS numbers for 2023. Weighted average number of common shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i.6
Transcribed Image Text:Bonita Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During
the year, the following events occurred:
●
●
●
.
●
●
On February 1, Bonita sold 14,800 additional common shares.
The company declared and issued a 25% stock dividend on March 1.
On June 1, Bonita repurchased and cancelled 3,700 common shares.
An additional 4,900 common shares were issued on July 1.
On September 1, Bonita declared and issued a three-for-one stock split.
On December 1, Bonita issued an additional 14,100 shares.
Following the fiscal year, Bonita declared and issued a two-for-one stock split on February 1, 2024.
The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average number of
common shares that Bonita should use for calculating its EPS numbers for 2023.
Weighted average number of common shares
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