Prepare a schedule showing the weighted average

Reference no: EM132652935

Question - Altoona Company began the year with 200,000 shares of $5 par common stock. On April 1, they issued 120,000 shares. On July 1, they issued 60,000 shares. On September 1, Altoona experienced a 2 for 1 stock split, and on October 1, they repurchased 20,000 shares and placed them in the treasury. Prepare a schedule showing the weighted average shares for the year to be used in earnings per share calculations.

Reference no: EM132652935

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