What is the weighted-average number of shares outstanding

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Question - On January 1st March 15: Issued 30,000 Shares. June 1: 2020 Joody corporation had 10,000 of ordinary shares (C.S) outstanding. During the year, the following transactions affected the ordinary shares: Issued a 20% stock dividend.

July 1: Acquired 5,000 share of treasury stock.

September 1: Issued a 10-for-1 stock split.

December 1: Reissued 5,000 shares of treasury stock.

Required -

1- What is the weighted-average number of shares outstanding?

2- Assume the net income of the company is $50,000 and the preferred dividends $10,000. Compute EPS.

3- If the company on November 1 transferred $100,000 Bonds to 5,000 ordinary shares:

a- What would be the total shares at that date only?

b- Define this type of bond and clarify its impact on the earning per share?

Reference no: EM133036176

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