Question

Riverbed Corporation had 116,400 shares of stock outstanding on January 1, 2020. On May 1, 2020,...

Riverbed Corporation had 116,400 shares of stock outstanding on January 1, 2020. On May 1, 2020, Riverbed issued 63,600 shares. On July 1, Riverbed purchased 9,120 treasury shares, which were reissued on October 1.

Compute Riverbed’s weighted-average number of shares outstanding for 2020.

Weighted-average number of shares outstanding
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Answer #1

Answer:

Weighted average number of shares 156,520

Calculations:

Weighted average number of shares
Calculations Weighted shares
January 1 to May 1 [4 months] 116,400 x 4/12 38,800
May 1 to July 1   [2 months] [116,400 + 63,600] x 2/12 30,000
July 1 to October 1 [3 months] [116,400 + 63,600 - 9,120] x 3/12 42,720
October 1 to December 31 [3 months] [116,400 + 63,600 - 9,120 + 9,120] x 3/12 45,000
Weighted average number of shares 156,520
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