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Department
Rotman Commerce
Course
RSM221H1
Professor
Scott Douglass
Semester
Fall

Description
EXERCISE 172 1520 minutesaDatesSharesFractionWeightedEventOutstandingOutstandingof YearSharesBeginning balanceJan 1May 121000041270000Issued sharesMay 1Oct 31218000612109000Reacquired sharesOct 31Dec 3120400021234000Weighted average number of shares outstanding213000Income per share before discontinued operations22969040600270290270290213000 shares127Discontinued operations loss per share net of tax4060021300019Net income per share 229290213000108b It is possible to have simple and complex capital structures over different fiscal years of a corporationFor each accounting period a corporation would need to determine whether options warrants convertible debt or convertible preferred shares were outstanding during the fiscal year Issuance or redemption of such securities would lead to a change in the capital structure from simple to complex or vice versa and this would be reflected in the EPS disclosure
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