Date Share Changes Shares Outstanding January 1 Beginning balance 210 000 April 1 Issued 27 000 shares July 1 6-for-1 share split took place September 1 Purchased 9 000 shares December 31 Issued 15 000 shares In 2015, Fluffy Corporation has a net Income of €865 980 anda tax rate of 10%. Its only convertible Instruments are 27 000 outstanding warrants (Issued prior to 2015) that can each be converted to one ordinary share at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20. Fill in the table below to calculate the weighted average number of shares used for calculating Fluffy's Corporation ordinary EPS for 2015. CRoun

Date Share Changes Shares Outstanding January 1 Beginning balance 210 000 April 1 Issued 27 000 shares July 1 6-for-1 share split took place September 1 Purchased 9 000 shares December 31 Issued 15 000 shares In 2015, Fluffy Corporation has a net Income of €865 980 anda tax rate of 10%. Its only convertible Instruments are 27 000 outstanding warrants (Issued prior to 2015) that can each be converted to one ordinary share at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20. Fill in the table below to calculate the weighted average number of shares used for calculating Fluffy's Corporation ordinary EPS for 2015. CRoun

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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Question

20
Date
Share Changes
Shares Outstanding
January 1
Beginning balance
210 000
24
April 1
Issued 27 000 shares
July 1
6-for-1 share split took place
September 1
Purchased 9 000 shares
December 31
Issued 15 000 shares
In 2015, Fluffy Corporation has a net Income of €865 980 and a tax rate of 10%. Its only convertible
Instruments are 27 000 outstanding warrants (Issued prlor to 2015) that can each be converted to one
ordinary share at an exercise price of €12. The average falr value of Fluffy's share during 2015 Is €20.
Fill in the table below to calculate the weighted average number of shares used for calculating
Fluffy's Corporation ordinary EPS for 2015.
1111197
[Round the answers to the nearest Integer, If applicable.]
Welghted number of outstanding
shares
Dates outstanding
January 1- April 1
%3D
April 1- July 1
July 1- September 1
September 1- December 31
Weighted average ordinary shares outstanding for
the year
function
logic
vector
abc
unit
standard

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