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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
E17-1 Weighted Average Shares At the beginning of the current year, Heath Company had 20,000 shares of $10 par com- mon stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year- end it had 63,800 shares  outstanding:
|
Apr. |
2 |
Issued 5,000 shares of stock |
|
June |
4 |
Issued 4,000 shares of stock |
|
July |
1 |
Issued a 10% stock dividend |
|
Sept. |
28 |
Issued a two-for-one stock split, reducing the par value to $5 per share |
|
Oct. |
3 |
Reacquired 1,000 shares as treasury stock |
|
Nov. |
27 |
Reissued the 1,000 shares of treasury stock |
Determine the weighted average number of shares outstanding for computing the current earnings per  share.
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