820,000WEIGHTED AVERAGE SHARES WAS (820,000 / 12) = 735,000 SHARES...

8,820,000Weighted average shares was (8,820,000 / 12) = 735,000 shares.

Question #83 of 90

Question ID: 414080

Jerry Krome, CFA, is an equity analyst. The head of research at Krome's firm composes a memo that contains the followingstatements:To the extent that management has discretion over the firm's revenue recognition, an analyst should consider policies thatrecognize revenue later to be more conservative than policies that recognize revenue sooner.When comparing the performance of companies, an analyst can use the information in the financial statement disclosures toadjust the financial statements for differences in revenue recognition policies.With regard to the implications of revenue recognition policies for financial analysis, Krome should agree with:غ A)both of these statements.ض B)only one of these statements.غ C)neither of these statements.ExplanationBecause revenue recognition often relies on judgment and estimates from management, it is not always possible to calculate theappropriate adjustments that would account for the differences between companies' revenue recognition policies. An analystshould use the policies disclosed in companies' financial statement footnotes to understand the degree to which their revenuerecognition is conservative or aggressive. In general, recognizing revenue sooner is considered aggressive and recognizingrevenue later is considered conservative.

Question #84 of 90

Question ID: 414152

Oregon Corp.'s stock transactions during the year were as follows:January 1: 320,000 shares outstanding.April 1: 1-for-2 reverse stock split occurred.July 1: Acquisition of Smith, Inc. in exchange for issuance of 60,000 shares.October 1: 30,000 shares issued for cash.What is Oregon's weighted average number of shares outstanding?ض A)