Ex. 16-124—Weighted average shares outstanding.

On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them.


Compute the weighted average number of shares to be used in computing earnings per share for 2007.

Solution 16-124


Ex. 16-125—Earnings Per Share.  (Essay) Define the following:

(a)The computation of earnings per common share

(b)Complex capital structure

(c)Basic earnings per share

(d)Diluted earnings per share



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