Class17 - Solutions

Class17 - Solutions - EXERCISE 16-13 (a) 2,200,000 shares...

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EXERCISE 16-13 (a) 2,200,000 shares Jan. 1, 2006–Sept. 30, 2006 (2,000,000 x 9/12) 1,500,000 Retroactive adjustment for stock dividend x 1.10 Jan. 1, 2006–Sept. 30, 2006, as adjusted 1,650,000 Oct. 1, 2006–Dec. 31, 2006 (2,200,000 x 3/12) 550,000 2,200,000 Another way to view this transaction is that the 2,000,000 shares at the beginning of the year must be restated for the stock dividend regardless of where in the year the stock dividend occurs. (b) 3,700,000 shares Jan. 1, 2007–Mar. 31, 2007 (2,200,000 x 3/12) 550,000 Apr. 1, 2007–Dec. 31, 2007 (4,200,000 x 9/12) 3,150,000 3,700,000 (c) 7,400,000 shares 2007 weighted average number of shares previously computed 3,700,000 Retroactive adjustment for stock split x 2 7,400,000 (d) 8,400,000 shares Jan. 1, 2008–Mar. 31, 2008 (4,200,000 x 3/12) 1,050,000 Retroactive adjustment for stock split x 2 Jan. 1, 2008–Mar. 31, 2008, as adjusted 2,100,000 Apr. 1, 2008–Dec. 31, 2008 (8,400,000 x 9/12) 6,300,000 8,400,000 Another way to view this transaction is that the 4,2000,000 shares
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Class17 - Solutions - EXERCISE 16-13 (a) 2,200,000 shares...

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