Question

The following information is available for Bulldog Corporation: January 1, 2019         Shares outstanding                   &nbsp

The following information is available for Bulldog Corporation:

January 1, 2019         Shares outstanding                                             600,000

February 1, 2019        Treasury shares purchased                                100,000

June 1, 2019             Treasury shares purchased                                    50,000

October 1, 2019          Shares issued in a 200% stock dividend                900,000

The number of shares to be used in computing earnings per common share (WASO) for 2019 is

Select one:

337,500 shares

1,437,500 shares

1.475.000 shares

1,070,833 shares

Clear my choice

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Answer #1
Date Particulars Number of shares Cumulative Shares Period Outstanding Weight Weight * Shares
1-Jan-19 Shares Outstanding 600,000 600,000 1 0.083333333333             50,000.000
1-Feb-19 Treasury Shares Purchased -100,000 500,000 4 0.333333333333          166,666.667
1-Jun-19 Treasury Shares Purchased -50,000 450,000 4 0.333333333333          150,000.000
1-Oct-19 Shares Issued in a 200% stock dividend 900,000 1,350,000 3 0.250000000000          337,500.000
12 704166.6667

Number of shares to be considered in computing earnings per common share = 704,167 shares

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