Calculate the weighted average number of shares at the end of the reporting period
Calculate the weighted average number of shares at the end of the reporting period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A Mick Limited has a year end
31/12/2011. The following transactions
in shares took place during the year: 1
January ordinary shares in issue
3,500,000 1 April 260,000 shares
issued 260,000 1 May 420,000 shares
issued 420,000 1 December 100,000
shares repurchased (100,000) As at 31
December 2,695,000
Calculate the weighted average
number of shares at the end of the
reporting period
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