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Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine Weighted Average Number of Shares Outstanding PROBLEM Sven Limited had common shares outstanding on January 1, 2023. On March 1, 2023, Sven issued additional shares in exchange for equipment. On July 1, Sven repurchased and cancelled shares. On October 1, 2023, Sven declared a 3- for-1 stock split. Common shares outstanding, January 1, 2020 Shares issued in exchange for equipment Shares cancelled Stock split 42,000 20,000 10,000 3-for-1 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with a mathematical formula to the Problem area and work area as indicated.. Calculate the weighted average number of shares outstanding for Laurin for the year ended December 31, 2023. Event Beginning balance Issued shares Dates Outstanding Jan. 1-Mar. 1 Mar. 1-July 1 Shares Outstanding Reacquired shares Weighted average number of shares outstanding July 1-Dec.31 42,000 20,000 10,000 Restatement 3 1 Number of Months 0.17 0.33 0.5 Weighted Shares 21,000 20,000 (5,000.0) 36,000

Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine Weighted Average Number of Shares Outstanding PROBLEM Sven Limited had common shares outstanding on January 1, 2023. On March 1, 2023, Sven issued additional shares in exchange for equipment. On July 1, Sven repurchased and cancelled shares. On October 1, 2023, Sven declared a 3- for-1 stock split. Common shares outstanding, January 1, 2020 Shares issued in exchange for equipment Shares cancelled Stock split 42,000 20,000 10,000 3-for-1 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with a mathematical formula to the Problem area and work area as indicated.. Calculate the weighted average number of shares outstanding for Laurin for the year ended December 31, 2023. Event Beginning balance Issued shares Dates Outstanding Jan. 1-Mar. 1 Mar. 1-July 1 Shares Outstanding Reacquired shares Weighted average number of shares outstanding July 1-Dec.31 42,000 20,000 10,000 Restatement 3 1 Number of Months 0.17 0.33 0.5 Weighted Shares 21,000 20,000 (5,000.0) 36,000

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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Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine Weighted Average Number of Shares Outstanding PROBLEM Sven Limited had common shares outstanding on January 1, 2023. On March 1, 2023, Sven issued additional shares in exchange for equipment. On July 1, Sven repurchased and cancelled shares. On October 1, 2023, Sven declared a 3- for-1 stock split. Common shares outstanding, January 1, 2020 Shares issued in exchange for equipment Shares cancelled Stock split 42,000 20,000 10,000 3-for-1 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with a mathematical formula to the Problem area and work area as indicated. Calculate the weighted average number of shares outstanding for Laurin for the year ended December 31, 2023. Event Beginning balance Issued shares Reacquired shares Dates Outstanding Jan. 1-Mar. 1 Mar. 1-July 1 July 1-Dec.31 Shares Outstanding 42,000 Weighted average number of shares outstanding 20,000 10,000 Restatement 3 3 1 Number of Months 0.17 0.33 0.5 Weighted Shares 21,000 20,000 (5,000.0) 36,000
Transcribed Image Text:Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine Weighted Average Number of Shares Outstanding PROBLEM Sven Limited had common shares outstanding on January 1, 2023. On March 1, 2023, Sven issued additional shares in exchange for equipment. On July 1, Sven repurchased and cancelled shares. On October 1, 2023, Sven declared a 3- for-1 stock split. Common shares outstanding, January 1, 2020 Shares issued in exchange for equipment Shares cancelled Stock split 42,000 20,000 10,000 3-for-1 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with a mathematical formula to the Problem area and work area as indicated. Calculate the weighted average number of shares outstanding for Laurin for the year ended December 31, 2023. Event Beginning balance Issued shares Reacquired shares Dates Outstanding Jan. 1-Mar. 1 Mar. 1-July 1 July 1-Dec.31 Shares Outstanding 42,000 Weighted average number of shares outstanding 20,000 10,000 Restatement 3 3 1 Number of Months 0.17 0.33 0.5 Weighted Shares 21,000 20,000 (5,000.0) 36,000
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