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Compute the weighted average number of shares

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Question - SILVER Inc. had 250,000 shares of ordinary share outstanding at the end of 2019. During 2020 and 2021, the following transactions took place.

2020:

March 1 - Sold 24,000 shares

July 24 - Issued a 20 percent bonus

October 1 - Sold 16,000 shares

December 1 - Purchased 15,000 shares to be held in treasury

2021:

June 1 - 3-for-1 share split

September 1 - Sold 60,000 shares

Silver Inc. has a simple capital structure.

Requirements -

Compute the weighted average number of shares for 2020 to be used in the earnings per share computation for comparative financial statements at the end of 2021.

Compute the weighted average number of shares for 2021 to be used in the earnings per share computation for comparative financial statements at the end of 2021.

Reference no: EM132821534

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