2,461,000 295,320 2,007,000 4,763,320 (a) potentially dilutive securities. Liste

Question

2,461,000

295,320

2,007,000

4,763,320

(a)

potentially dilutive securities. Listed below is a summary of Newton’s common stock activities.
1. Number of common shares issued and outstanding at December 31, 2012

2,461,000

2. Shares issued as a result of a 12% stock dividend on September 30, 2013

295,320

3. Shares issued for cash on March 31, 2014

2,007,000

Number of common shares issued and outstanding at December 31, 2014

4,763,320

4. A 2-for-1 stock split of Newton’s common stock took place on March 31, 2015

Explanation / Answer

Shares Month Weighted Outstanding covered Shares Beginning Shares(2,461,000+295,320)         2,756,320.00         12.00    33,075,840.00 Shares Issued         2,007,000.00           9.00    18,063,000.00 Total         21.00    51,138,840.00 Weighted Average No of Shares = 51,138,840/21 = 2,435,183

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