Question

On january 1, 2007 yarrow corp. had 1000000 shares of common stock outstanding. on march 1 the corp had issued 15000 new shares to raise additional capital. on july 1 the corp. declared and issued a 2 for 1 stock split. on october 1 the corp. purchased on the market 600000 of its outstanding shares and retired them.

compute the weighted average number of shares to be used in computing earnings per share for 2007.

Answer 1

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