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Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Tamarisk sold 14.200 additional common shares. The company declared and issued a 25% stock dividend on March 1.

Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Tamarisk sold 14.200 additional common shares. The company declared and issued a 25% stock dividend on March 1.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: . . . On February 1, Tamarisk sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Tamarisk repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1. Tamarisk declared and issued a three-for-one stock split. On December 1. Tamarisk issued an additional 14,700 shares. Following the fiscal year, Tamarisk 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 Tamarisk should use for calculating its EPS numbers for 2023, Weighted average number of common shares
Transcribed Image Text:Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: . . . On February 1, Tamarisk sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Tamarisk repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1. Tamarisk declared and issued a three-for-one stock split. On December 1. Tamarisk issued an additional 14,700 shares. Following the fiscal year, Tamarisk 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 Tamarisk should use for calculating its EPS numbers for 2023, Weighted average number of common shares
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