31.An analyst gathered the following information about a company:
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What is the company’s weighted average number of shares outstanding at the end of 2006?
A) 37,000.
B) 39,500.
C) 45,000.
D) 47,000.
32.An analyst gathered the following information about a company:
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§
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What is the company’s weighted average number of shares outstanding at the end of 2004?
A) 57,750.
B) 57,500.
C) 55,000.
D) 60,500.
33.The SSP Company had 5 million shares outstanding on January 1. On February 15 the board of directors approved a 3:2 stock split, effective April 1. What is the weighted average number of shares outstanding for the SSP Company for year-end?
A) 6,875,000 shares.
B) 6,250,000 shares.
C) 5,625,000 shares.
D) 7,500,000 shares.
34.A company has the following sequence of events regarding their stock:
§ One million shares outstanding at the beginning of the year.
§ On June 30th, they declared and issued a 10% stock dividend.
§ On September 30th, they sold 400,000 shares of common stock at par.
Basic earnings per share at year-end will be computed on how many shares?
A) 1,600,000.
B) 1,000,000.
C) 1,100,000.
D) 1,200,000.
35.The following data pertains to the Megatron company:
§ Net income equals $15,000
§ 5,000 shares of common stock issued on January 1
§ 10 percent stock dividend issued on June 1
§ 1000 shares of common stock were repurchased on July 1
§ 1000 shares of 10 percent, par $100 preferred stock each convertible into 8 shares of common were outstanding the whole year
How many common shares should be used in computing the company’s basic earnings per share (EPS)?
A) 5,000.
B) 5,500.
C) 4,500.
D) 4,000.
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