Reference no: EM132962115
Question - Sun Company has the following changes in its ordinary outstanding shares during 2020:
Date Share changes Shares
1-January Beginning balance 200,000
1-April Issued additional shares 40,000
1-June Re-purchased 60,000 share from the market 60,000
1-August Issued Share Dividends 25% 45,000
1-October Issued additional shares 20,000
Required -
Calculate the weighted average outstanding shares as of 31 December 2020?
Calculate the earnings per share "Basic EPS", assume that the net income was $800,000?
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