CFAI Mock Exam - Morning Q46 added

aurific

Do we need to consider 480,000 shares outstanding at Dec 31 when we calculate the weighted avg shares ?

I added 480,000 into the calculaiton but answer didnt mention 480,000 at all.

Thanks.

Penny-wenny

Matt, the reason why we dont include 480,000 shares because it is happens to be the last day of the year ? so never been outstanding during the year ?

siavosh

Clear the mud....thanks again Matt.