The XXY Corporation had 250,000 shares of common stock outstanding at the beginning of the year. XXY issued 80,000 shares of common stock as at July 1. On September 1, the company issued a 30% stock dividend. On November 1, XXY issues 1500 10% bonds convertible into 22 shares of stock each. 

What is the weighted average number of shares to be used in computing basic and diluted EPS, assuming the convertible bonds are dilutive?

Answer rating: 100% (QA)

1 Calculate the weighted average number of shares from shares outstanding Number of shares outstandi... View the full answer