Answered: What is the weighted average ordinary…

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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On January 1 of the current year, ABC Company had 240,000 issued ordinary shares and 220,000 of ordinary shares outstanding. The entity had the following transactions during the year:

March 1 – issued 12,000 ordinary shares

March 30 – Completed a 4-for-1 share split for the ordinary shares

April 1 – re-issued 18,000 of the treasury shares

October 1 – re-issued 6,000 of the treasury shares

What is the weighted average ordinary shares in computing for EPS?

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