32、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

An analyst gathered the following information about Waynesboro, Inc.'s common stock:

•      1 January 2007           180,000 shares outstanding

•      1 June 2007                60,000 shares issued

•      1 August 2007            2-for-1 stock split

•      31 December 2007     480,000 shares outstanding

To calculate earnings per share for 2007, Waynesboro's weighted average number of shares outstanding is closest to:

A. 210,000.

B. 215,000.

C. 420,000.

D. 430,000.

答案和详解如下：

32、Correct answer is D

"Understanding the Income Statement," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn

2008 Modular Level I, Vol. 3, pp. 172-173

Study Session 8-32-h

describe the components of earnings per share and calculate a company's earnings per share (both basic and diluted earnings per share) for both a simple and a complex capital structure

[(180,000 x 5 / 12) + (240,000 x 7 / 12)] x 2 = 430,000

Sharp ratio