Johnson Company has 10,000 shares outstanding at the beginning of the year. On April 1, Johnson...
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Johnson Company has 10,000 shares outstanding at the beginning of the year. On April 1, Johnson issues 4,000 new shares. On July 1, Johnson distributes a 10% stock dividend. On September 1, Johnson repurchases 3,000 shares. Calculate Johnson's weighted average number of shares outstanding for the year, for its reporting of basic earnings per share. Johnson Company has 10,000 shares outstanding at the beginning of the year. On April 1, Johnson issues 4,000 new shares. On July 1, Johnson distributes a 10% stock dividend. On September 1, Johnson repurchases 3,000 shares. Calculate Johnson's weighted average number of shares outstanding for the year, for its reporting of basic earnings per share.
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