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Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue
9,013,000 shares of $12 par common stock. At no time has Newton issued any potentially
dilutive securities. Listed below is a summary of Newton
Solution
Assumption
1. Accouting period includes from april 2013 to march 2014
2.Number of common shares issued and outstanding at December 31, 2012 is same as on 1st
april 2013.
31-Dec Common Shares 2417000 0.5 1208500
30-Sep 12% stock dividend 290040 0.5 145020
31-Mar Shares issued for cash 2052000 0 0
Weighted Average Common Stock 1353520

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