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
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 9PA: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa93778c7-9aa3-49cc-a31e-6eb9cf2c91f1%2F235f65c6-d87b-4615-bc17-bd13429cf7ad%2Foo7siwh_processed.jpeg&w=3840&q=75)
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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