[Anonymous]

I’ve been trying to solve this with no luck and I can’t find where I’m going wrong. I went over this a few weeks ago and remember doing this very fast and getting all the answers, but now my brain is in stupid mode..can anyone enlighten me?

Shares outstanding 1/1 2,000

Issue shares 4/1 1.200

2 for 1 split 5/1

Purchares shares of TS 10/1 400

30% stock div 11/1

Issue shares 12/1 120

Issue shares 12/31 200

I keep getting 6310. The answer says 7420. They show the answer in a different way weighting the first one all 12 months…

(2000*3/12)(2) (1.3) =1300

(3200*6/12)(2)(1.3)= 4160

(2800*2/12)(1.3)= 607

(2920*1/12) 243

Total 6310

[Anonymous]

I'm trying to figure out what you did wrong… I'll update this if I figure it out lol but here is my solution:

5,200 x 3/12 = 1,300

8,320 x 6/12 = 4,160

7,800 x 2/12 = 1,300

7,920 x 1/12 = 660

Total 7,420

[Minimorty]

Stock split.

[Anonymous]

shit….I was about to put a bullet in my head when I saw ur solution… Thanks Dave. I love u…hahaa (jk)

[Anonymous]

@Mini….I figured it was the stock split….I think waking up 8am on a Saturday has it downsides….Thank God I'm taking the exam @ 12:30….For about 1 hr I felt the dumbest accountant in the world…Broke like 2 pencils, grabbed my int acg book and threw i against the wall, and cursed @ my neighbors…lol

[Minimorty]

Lol. Take a deep breath and get back in that book.

[Peanut]

@CPATerminator, how are you feeling over all about your upcoming exam?

AUD 81 (X4) Previous scores 59, 72, 72
REG 80 (X3) Previous scores 59, 60
FAR 75 (X2) Previous score 67
BEC 79 (X2) Previous score 58

[Anonymous]

@Peanut…I feel very good, but these final days I'm just going over a few topics that give me problems such as EPS, inter-company transactions, Derivatives, and small details in equity and leases (all those percentages). IFRS too. I know it will be tough, but I'm confident I can get a high score. I know the “rule” is just to get a 75, but I'm kinda of weird in case you have not noticed..lol…..so two days after you become a CPA, I will just be starting my journey….oh well…<3.. Good luck and wish me luck!!

[Author]

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