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- 2013-8-19
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Those who need some extra questions to look over.....
I hope you CFA candidate’s aren’t annoyed by my posting yet….i need to get my AF points up to get myself one of those Schweser “Study now, Sleep Later” T-shirts….so bear with me please.
Anyways, I posted the solution to this question. It’s fairly a simple question, however, I’ve been hammering the qbank all day today, maybe my brain is fried up or something but I can’t figure out how on earth they got 70,000 for year 2004 in the solution.
Zimmer Co. had the following common shares outstanding:
January 1, 2003: 50,000
October 1, 2003: Issued 20,000 shares
March 1, 2004: Issued a 10% stock dividend
July 1, 2004: Declared a 2 for 1 stock split
October 1, 2004: Repurchased 30,000 shares
Calculate the weighted average number of common shares outstanding for 2003 and 2004.
2003 2004
A) 55,000 124,500
B) 10,000 124,000
C) 55,000 146,500
Your answer: A was incorrect. The correct answer was C) 55,000 146,500
For year 2003:
50,000 |
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发表于 2013-4-28 10:06
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