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Wildhorse Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● ● ● ● On February 1, Wildhorse sold 15,000 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Wildhorse repurchased and cancelled 3,750 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Wildhorse declared and issued a three-for-one stock split. On December 1, Wildhorse issued an additional 14,700 shares. Following the fiscal year, Wildhorse 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 Wildhorse should use for calculating its EPS numbers for 2023. Weighted average number of common shares

Wildhorse Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● ● ● ● On February 1, Wildhorse sold 15,000 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Wildhorse repurchased and cancelled 3,750 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Wildhorse declared and issued a three-for-one stock split. On December 1, Wildhorse issued an additional 14,700 shares. Following the fiscal year, Wildhorse 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 Wildhorse should use for calculating its EPS numbers for 2023. Weighted average number of common shares

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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Wildhorse Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● ● ● On February 1, Wildhorse sold 15,000 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Wildhorse repurchased and cancelled 3,750 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Wildhorse declared and issued a three-for-one stock split. On December 1, Wildhorse issued an additional 14,700 shares. Following the fiscal year, Wildhorse 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 Wildhorse should use for calculating its EPS numbers for 2023. Weighted average number of common shares
Transcribed Image Text:Wildhorse Corporation began its latest fiscal year on January 1, 2023, with 490,000 common shares outstanding. During the year, the following events occurred: ● ● ● ● ● On February 1, Wildhorse sold 15,000 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Wildhorse repurchased and cancelled 3,750 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Wildhorse declared and issued a three-for-one stock split. On December 1, Wildhorse issued an additional 14,700 shares. Following the fiscal year, Wildhorse 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 Wildhorse should use for calculating its EPS numbers for 2023. Weighted average number of common shares
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