Pina Corporation began its latest fiscal year on January 1, 2021, with 550,000 common shares outstanding....

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Pina Corporation began its latest fiscal year on January 1, 2021, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Pina sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Pina repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1, Pina declared and issued a three-for-one stock split. On December 1, Pina issued an additional 16,200 shares. Following the fiscal year, Pina declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Pina should use for calculating its EPS numbers for 2021. Weighted average number of common shares Pina Corporation began its latest fiscal year on January 1, 2021, with 550,000 common shares outstanding. During the year, the following events occurred: On February 1, Pina sold 14,200 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Pina repurchased and cancelled 3,550 common shares. An additional 5,100 common shares were issued on July 1. On September 1, Pina declared and issued a three-for-one stock split. On December 1, Pina issued an additional 16,200 shares. Following the fiscal year, Pina declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Pina should use for calculating its EPS numbers for 2021. Weighted average number of common shares

Answer rating: 100% (QA)

Computation of weighted average outastanding shares Date Number of shares Stock Dividend ... View the full answer