Determine the weighted average number of shares for computing the current earnings per share. Determine the number of common shares outstanding at December 31, 2019. ROUND YOUR INTERIM COMPUTATIONS AND FINAL ANSWER FOR THE NUMBERS OF SHARES TO NEAREST WHOLE NUMBER.
At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:
March 1 - Issued 45,000 shares of stock at $22 per share
June 1 - Issued a 15% stock dividend
July 1 - Issued 10,000 shares of stock at $27 per share
August 31 - Issued a 2-for-1 stock split on outstanding shares, reducing the value to $5 per share
October 31 - Reacquired 95,000 shares as
November 30 - Reissued 45,000 treasury shares at a price of $33 per share.
Determine the weighted average number of shares for computing the current earnings per share.
Determine the number of common shares outstanding at December 31, 2019.
ROUND YOUR INTERIM COMPUTATIONS AND FINAL ANSWER FOR THE NUMBERS OF SHARES TO NEAREST WHOLE NUMBER.
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