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1)Let there be a Company A that has 100 thousand shares outstanding at the start...

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Accounting

1)Let there be a Company A that has 100 thousand shares outstanding at the start of the year i.e.1 January. The company issued 40 thousand new shares on 1 April. On 1 August, the company did a split of shares in the ratio 3:1 i.e. each share became three shares. What is the weighted average shares outstanding? 2) Laurelli Builders (LB) reported the following financial data for year-end 31 December: Common shares outstanding, 1 January 2,000./ Common shares issued on 1 July 350./ Net income $3,000/ Preferred stock dividends paid $500/ Common stock dividends paid $320,000. What is LBs Basic EPS?

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