Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding....

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Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Tamarisk sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Tamarisk repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1, Tamarisk declared and issued a three-for-one stock split. On December 1, Tamarisk issued an additional 14,700 shares. Following the fiscal year, Tamarisk declared and issued a two-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average number of common shares that Tamarisk should use for calculating its EPS numbers for 2023. Weighted average number of common shares Tamarisk Corporation began its latest fiscal year on January 1, 2023, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Tamarisk sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Tamarisk repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1, Tamarisk declared and issued a three-for-one stock split. On December 1, Tamarisk issued an additional 14,700 shares. Following the fiscal year, Tamarisk declared and issued a two-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average number of common shares that Tamarisk should use for calculating its EPS numbers for 2023. Weighted average number of common shares

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To calculate the weighted average number of common shares for Tamarisk Corporation in 2023 we need to consider the shares outstanding at different poi... View the full answer