Question

Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on...

Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is?

855000.

899000.

921000.

877000

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Ans : The weighted average shares outstanding for the year is 8,77,000
Particulars Shares Weight

weighted average Shares

(Shares * Weight)
a. Common stock outstanding,January 1 8,03,000 12/12   8,03,000
Add : b. Common stock issued on May 1 1,29,000 8/12 86,000
Less : c. Treasury stock Purchase on September 1 66,000 4/12 22,000
Add : d. Stock issued on November 1 60,000 2/12 10,000
e. Weighted average shares outstanding for the year = 8,77,000 (a + b - c + d)

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