During the year it engaged in the following transactions

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Reference no: EM13599127

At the beginning of the current year, health company had 20,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end it had 63,800 shares outstanding:

April 2 issued 5,000 shares of stock
June 4 Issued 4,000 shares of stock
July 1 Issued a 10% stock dividend
Sept 28 issued a two-for-one stock split, reducing the par value to $5 per share
Oct 3 Reacquired 1,000 shares as treasury stock
Nov 27 Reissued the 1,000 shares of treasury stock

Required
Determine the weighted average number of shares outstanding for computing the current earnings per share

Reference no: EM13599127

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