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    Computation of Weighted Number of Outstanding Shares

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    A firm had the following numbers of shares outstanding during the year:
    Beginning of year 8,000,000 shares
    Issued on April 1 750,000 shares
    Paid stock divided of 20% on July 1
    Issued on October 1 100,000 shares
    Purchased Treasury stock November 1 1,000,000 shares
    Split 2 for 1 on December 31

    Based on this information, what is the weighted number of shares outstanding for the year?
    A) 20,783,333
    B) 20,266,667
    C) 42,444,444

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    Solution Summary

    This solution determines the weighted number of shares outstanding for the year.