z Weighted Average Shares At the beginning of 2019, Hardin Company...
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Weighted Average Shares At the beginning of 2019, Hardin Company had 380,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 50,000 shares of stock at $22 per share, June 1 Issued a 10% stock dividend. July 1 Issued 12,000 shares of stock at $27 per share. Aug 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to s5 per share. Oct. 31 Reacquired 100,000 shares as treasury stock at a cost of $30 per share. Nov. 30 Reissued 43,000 treasury shares at a price of 33 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. 999,917 X shares 2. Determine the number of common shares outstanding at December 31, 2019. 913,000 shares
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