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Determine what is the weighted average number of shares

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Reference no: EM132543973

Venus Company provided the following transactions involving the ordinary share capital:

2019

January 1 had a balance of 200,000 shares of 10 par value

April 1 converted 2,500,000 of convertible bonds with 50 shares issued for each 1,000 bond.

July 1 declared a 10% share dividend.

October 1 employees exercised options to purchase 7,000 shares for 20 a share.

2020

April 1 declared a 2 for 1 share split

October 1 sold 170,000 shares for 30 a share.

Question 1. What is the weighted average number of shares for 2019 to be used for basic EPS computation for comparative financial statements on December 31, 2020?

a. 649,750

b. 729,000

c. 664,000

d. 364,500

Question 2. What is the weighted average number of shares for 2020 to be used for basic EPS computation for comparative financial statements on December 31,2020?

a. 771,500

b. 899,000

c. 834,000

d. 706,500

Reference no: EM132543973

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