Sweet. I Duck my everything together on my mixer Somehow I think we're gonna be okay So what's up everybody hope you can hear me. All right, if you're new. Hey, hi. How are you? I'm Erica. My husband Jeff is behind the camera and Bowie is Monitoring Or maybe he's like winded like he ran a mile to get right there Anyways, we're at a still death. We go live most every day During the week at 6 p.m. Central so for Tuesday. It's at 2 p.m. Central It's usually resin, but it's always art and it's always a good time. So if you haven't subscribed, please do so and Leave us your thumbs. Tell us where you're from. What are you doing? How's the weather? communicate don't feel shy about joining in on the The live chat or even if like you're commenting after the live has ended Still want to know You're wondering what I am doing. I'm mixing my resin because the lovely people at this place. I stole yo Sent me a mixer My prayers for not wrecking my arm We're answered I forgot what I was saying overcast in Washington Is it overcast here? No, it's pretty today. It was nice all day so I Like to use this to mostly mix everything but you can still see in there some little Swirls of resin that haven't quite Incorporated themselves fully Snow all day Nancy's house Snow all day I want some snow We're gonna go play in the snow in Next month and I Super excited about it. Okay. Okay calm down What night in London? It's midnight in London. I want to go visit London so bad And that be on our like To-do list. I don't know what I did to that but the button won't let me turn off it So I'm just gonna let it run out And just hand mix the rest of this You know, I messed the button up on it, but it came on but it wouldn't let me Unturn it on But I turned it on twice. So must not be that bad. It's fixable So you can see here You see where it looks like there's still like right there Right in the middle looks like there's some like lint in there That is actually the two parts of the resin that haven't fully combined yet From me scraping the edges of my cup you can see more of of it swirling in there every time I Scrape the edge of the cup and that is because My little mixer deal doesn't scrape the edges There's a sound it makes when it's done So even if you have a mixer make sure you scrape the edges of your piece because what happens is if you scrape that into your surface then You could get a weak spot or a spot that doesn't ever cure because it's a not incorporated color which means That's not mixed well enough But as soon as you see it that your resin has cleared up and it doesn't have those swirls in it Then your resin's done being mixed and you can proceed to the next step And for me, that's going to be mixing colors. Never mind all of this over here I am putting together more kits for our class that we're teaching online for free right here on this channel on The 25th could be the 24th. It's the end of this month. It's on the website With a day and what all's included in it Feel free to just join us and use your own materials but if you need the materials and don't want to take the time to Put everything you're gonna need into your cart you just get the complete kit Which has enough for the project and just a little bit extra. So let's mix color Now stir sticks, what about them rock? Oh, the stir sticks rock. Thank you.  I remember Being in school and then being like Who may get snowed out tomorrow no foreign Australia and being like just glued to the TV to see If my school is gonna come across the bottom on the like the prompter Because I went to high school in Alabama and I don't know if you guys know this but If someone spills a cup of ice, they're like, yeah dangerous road conditions everybody stay home Street story so I okay, so the colors I'm doing today are Kind of true to dragonflies It could get a little muddy. It could very much get a little money But I'm not gonna use that much heat so I can keep it on muddy As much as possible and to be fair I did not look up what colors are in dragonflies One that works well with stonecoats base tent They don't have anymore So Stone coat does not have their base tents anymore, but what I use is This brand which is the pearl. Nope, which color passion this color just happens to be pearl It's in a dirty jar anyways color passion all of this brand are base tents unfortunately, I haven't found anything really that gives good large cells in Stonecoats resin like the base tents used to and honestly to be fair. I think that even the base tents wouldn't work in The new stone coat formula since it went blue Unfortunately Somebody asked about class in person. I do have in-person classes. They are on the website. I have one in May on the 13th and one in March on the 18th coming up and that will teach oceans and geodes right all right, all right, so Let's make some colors. I'm going to use pistachio from resin art This is a dry paste and if you don't know the difference in these different kind of colorants. I did a video Not too long ago on this exact channel That helps to distinguish the difference in top-cell base cell tutor In between so I was like what I thought tutor was coming over today, but after the gym's pose So this is pistachio from resin art. It has a little bit of a rainbow glitter to it if I get it zoomed in real close you can kind of see some of the Different color sparkles running off that looks like a dragonfly itself That right there probably does just look strictly like a dragonfly, but we're gonna make some other colors as well It could be a dragonfly all in it. That could be a dragonfly all on its own courtesy Ronda So the next color I'm mixing up is purple sapphire And if you have been on my channel at all even a little bit ever, you know that this is one of my favorite colors And I will have more in stock Like in a minute She sent me shipping for all of my stock stuff last week, so I figured it'd be here already, but it's not whatever So this is purple sapphire. It is Delicious It's a gorgeous purple base like that with that pink shimmer Resident always has great colors and the fact that it's not a full mica, so it doesn't like puff up in your face when you're using them money So I'm also going to use Aqua me marine from resin art, but we're not using all resin our colors just so far Sapphire one of my favorites gorgeous I'll have more purple sapphire like in a minute. This color is called aqua marine And yes, it is as beautiful as it sounds like it's going to be Look, I can make this as vigorously as I want to and None of it puffed up in my face I love aqua marine because even though it is very oceany aqua II It's got a purple Lee bluey interference to it, which makes it even more magical Wonderful palette so far and now We have a lot of the base showing through I think so I'm going to mix a little bit extra more of Interference blue this one is by resin art or color art, but you can use whatever interference You have access to I'm not going to mix a lot into it because if you mix a lot of it into your resin then it'll become like a milky cloudy color and I want it to still be translucent, but still have that that blue sheen and So I just put a little bit so you can see it fully clearly through this Micah that I mixed in but you can still also really see that blue interference loveliness and The last color I'm going to mix up Is going to be intense copper I have never put these colors together before but in my head It's going to be quite amazing shopping at Home Depot and watching a lot of someone shopping at Home Depot and watching I love that. Were you grabbing some contact paper? So interference. Nope intense copper is a copper, but it's like Leveled up. It's got a lot of gold hue in it and a little bit of that like patina like orangey looking color Super rich. It's going to play off of every color that we have in the palette really well I didn't mix any white or black And I'm scared, but it's going to be amazing, but I'm scared The other day you said you didn't use stone coat on thinner molds because they've been which ones do you use? so yeah, I don't use art coat on thinner molds because It's it's a softer resin till it's At full cure, which is 30 days, so it'll stiffen up You know an extended period of time and then Well people put alcohol in sin resin, which I don't It's a different video, but We were talking about Would you ask me before alcohol in some resin aren't oh resin for thin molds? I would use a quicker curing resin like I Don't know I don't do that many molds so I use casting epoxy and if I'm not doing anything white or Like lighter tones nothing clear if I'm just doing like if I was going to do something and just fill it with like Purple sapphire. I would just use quick coat because it's going to cure quicker Unless you're having like a super thick mold like two inches then you're gonna have issues But on thinner Great picture Well, take a screenshot can't you just do the volume You could but I don't I don't think so They've highlight. I don't know what we're doing. But anyway, so let's My phone is I don't know. Oh here. Do you want it? So I'm scared. Okay Here we go. Okay, I'm gonna dirty pour some of this Oh, I'm gonna have to put something down So I'm just going to grease the pan with some of the clear resin not a thick grease the pan just Just enough you sure I don't have any color So I got this cut out from artists till death comm which also happens to be our website shameless plug and I have when you got it or did you paint it? I have these in cradle versions. Hey, sorry about that if it was loud cradle versions and Also, these ones which are just flat quarter inch Versions and they don't come in white Thanks They are they come in This color and you can paint on whatever color that you Wouldn't like them to be So Tammy Anderson one of our good friends She did one of our dragonflies on her channel and it looks so good And so I've been scared to do one on our channel because I'm like it's my product I should be able to do it the best but she Did it so good that I feel very intimidated I'm hoping It'll be just good enough I'm okay with just good enough on this one Okay So we got that this now I Think I'm gonna do just a little bit of a pearl They think I need Something else something Of course, I need something else I don't have enough going on but I'm just gonna do like a translucent pearl So I'm literally taking This much pigment Literally, okay, I'm gonna take a little bit more than just that much because it wasn't quite enough to make my milky shade that I'm looking for You gotta be careful. It's easy to go overboard and do the most I have Over pigmented a few times. All right, so we're mostly see-through, but just a little bit little bit milky Okay, so let's get the party started I'm going to heavily base it with Our interference color What'll thin it out Like a basically just a little bit resin You know like diluted having a clear in there Um, no, I'm specifically using a clear so that I Can keep a barrier between the colors because I don't want it to turn Into a whole bunch of grossness Which when you have colors that are opposite on a color wheel, that's But do you think pouring it in possible difference of pouring it in a stream line down the center? We're doing it kind of like what you're doing is going back and forth to it almost It has like When you wear snow shoes But all the pressure it's equally distributed unless you just walk on a pole Then we go straight through the ice, right, right? So pouring your resin down the center of your cup would be like walking on a pole No, I have there's no rhyme or reason for what I'm saying. I Love what you're saying, but also I Think it'll be fine. I don't think I'll make a difference if you pour it down the middle or on the side or whatever because I Do a little swirl in there anyways Lot of my purple sink so I'm gonna put that bit up there and I think I'm gonna Put another bit of like the green dirty pour on So I can like incorporate it over here because it's very not And I know it doesn't look like much right now, but just give me a minute in a minute. It's gonna be great Was gonna do the whole song, but I can't remember how it goes In a minute, I'm gonna need as is and I the pot me and I know I know it doesn't look like a whole lot It's happening right now, but I'm going to make it amazing Just give me a moment. Have we got some people that are neighbors in Australia? There's people in here that are actual neighbors in Australia. No, they live in like whoops, sorry for the extreme close-up It's so difficult trying to zoom in with a Samsung It just wants to a car 999 with a cheerleader Okay, do you think you so much? Very much you have a party button somewhere. Thank you very much party What would you guys have done with this piece? Would you have? poured it all separately or are you down for the dirty pour and I have everything on there. I'm going to Super tilt This is when the actual magic happens and it's actually magic that you don't even have to do anything to make it work Except for make sure you don't have any dry spots like that right there. What happened? It's turning It's not muddy yet Stop Just let my dream live for just a minute. You know what? when all else fails I Gotta do that some glitter That makes everything better. I'm actually not mad at it. I like the tail Now I don't know if it's because it has more like purple blue in it than the rest of it But I'm not mad. I'm not mad at it and I feel like I should add Something should we add glitter? I think we should let it dry or glitter glass do some Any on top Would you be willing to paint on top of this for me? ever sing That's fun That's exciting Okay, so we'll we'll let it live and we'll paint on top of it, but I'm gonna add some More to find swirls of color where I feel like it needs So are you are you all like kind of neighbors in Australia or is it just? Like because we all live in America. It's like oh I live in America. Where do you live? I live California. Oh, I live in New York But you're nowhere near How exactly neighbor you are you? Everybody is Waga-waga, I believe that is an area in Australia. Yeah, it's a country Oh my goodness, what if they were actually literal Neighbors like their moms went to high school together Okay, I really like the addition of everything. I just did and I'm glad it sounds like you do too all in your voice Mmm, but what I'm super super excited about is that you are down for adding Some Painting on it after it cures. So what I'm gonna gonna do is I'm gonna let it live and Then since I have resin left over and this was really quick I'm going to do another flood coat on another piece if you guys want to hang out with me for that I mean honestly, I'm not mad at it. It's very tight-eyed very not what I was going for but Even be mad well a lot of times pieces that I like the most are 0% what I Initially intended to create and honestly If you've worked with resin ever at any time ever Then you're familiar with that struggle and are okay with it Because honestly it is a struggle To resin and get it perfect every time I know you have a restock of bling it They I hope to have it already They're They've already shipped and I'm just Yeah, I'm bling it's already shipped, but they just aren't here yet Womp womp pull out my little stir sticks that I'm going to wipe off so I can reuse later because it's so satisfying to Be able to reuse things especially in resin world where a lot of stuff is one used because Typically once resin is on something that's it. That's wrap That's all I may have to send you to get gloves tomorrow So if you guys weren't here for the last couple of days, then you haven't seen this Tumblr that I made and I told everybody on the this was YouTube that That first person that says I want it could buy it for thirty five dollars and tg Is a lucky everything so What happened was I forgot no one's surprised and Pulled the tape really late and so it was really cured already. So it's a very rugged lip right here Because I had to heat it and pull it so I have to fix it. So if you want to know how to fix it then Don't go anywhere because I'm gonna do it right now So now I have to sand this down just a little bit. I'm trying hard not to Sand the actual lip of it Well, I do want to tape it but I'm just makes more sense to tape it after I do this because I taped it one time before and it I just ended up standing the tape off So this is a 220 sandpaper and if you're doing this at home Wear a mask. I'm not wearing one because you wouldn't be able to hear me very well That wouldn't make much sense since you are here to learn stuff. Well, so you are Other of you are just here to hang out with me and I love it either way.  How long do you normally wait to pull the tape? So I typically Honestly it depends on what kind of resin you're using because different resins have different open times or working times and the ones with a longer working time Have a longer cure time Typically, so if for instance on this one, I'm using art coat Which has Yeah, so art coat has a two-hour working time in our climate and So for art coat, I typically look I Typically let it rest for I'll say six hours four to six hours depending on your ambient temperature and Without Hello from Delaware. Hello Delaware. Is that like rounded? Yes Does it not sit down?  I can take it up to the shop and Oh So Also a blender of mine when I was I left this on this table, which slants that way and So all the resin rolled that way though. The bottom is slightly domed So just gonna take it and belt sand it for me it seems counterproductive for me to Add another layer of resin when I'm gonna just sand it but Since it is a belt sander and we have a sticker on the bottom of it. I'm okay with Adding a layer and then having it sanded Here on ATD we show you all the things that I mess up So now that I have a that sanded I'm going to take my alcohol on a rag and just wipe all that Sanding dust off Make sure you get this area on the lip as well because The thank you my love for the clean rag I Just love the font of this artist still death. What do you guys think of our new font? I love it So, okay, so 50 people in here awesome. We only got 14 thumbs up Can we get that number up on the on the thumbs up maybe a couple shares? You just can share the live if you want. There's no No hating on that So because I Muffed the lip a little bit I'm making sure for sure for sure I have a little bit of that silver showing so that my resin can roll all the way on to the piece. Oh, sorry Hopefully get a little smooth edge and get a smoother edge and seal in The error of my ways. Thank you for your thumbs up y'all Sorry, I'm mixing videos and doing two projects in one, but I didn't think y'all would mind too much Hello moose crazy crazy Moose crazy Mooses crazy flowing canvas.  Shut up vamp Okay, it's not even dark and then I'm going to Twist this little tag around So that I have something to pull later and I'm gonna fit this ever bring the resin to the top of the cup So personally I don't take the resin all the way to the top of the cup unless That's just how No, it's so difficult. Sorry. Sorry for the extreme close-up Let's see there up close or ten feet away. There is no middle That's Shane so Shane. Oh, we got to work on Shane's piece I keep forgetting So Make sure I have this pushed all the way down because nothing's worse. So when resin seeps under your tape It's just trust me Don't ask me how I know and I'm gonna make sure that my this is turning in the direction that my tape is going so that later When I go to pull it It's going in the proper direction. So if I were to try to pull the tape now. I'm working against the flow of the Tumbler turner But most of them if you turn them off and back on they'll change direction So now when I go to pull this tape, I can just work with it and it'll just pull because it's turning easy Super easy pro tip for your pro self all right and So when I go to pull the tape, I want to make sure that when I I'm gonna just use whatever falls into this catch that I have down here I'm gonna touch the spill off and when I can stretch it like this bar. I don't know how much that is an inch I don't know whatever that is I stretch it that far. I will Decide that this is ready to pull a tape. So I'll pull the tape Into the cup because sometimes there are strings of resin and you don't want those to get onto the silver part So I'll pull it like this I'll just fold it down and that way it kind of Laps over the resin instead of onto the silver another pro tip.  I don't know why I make so much resin and I'm just going to use my hand to Move this around Some people will use a little silicone spatula Do you but the less tools I can get sticky the better Plus stuff I have to clean up and I'm not really that good at cleaning up stuff. So I Don't want to make extra sticky stuff that I have to clean up What are you coughing about? I just said I'm not good at cleaning stuff And I'm gonna put a layer on the bottom To further protect from when we stand it.  It's to ensure there's no dry spots So I tend to do this a Couple of times Because sometimes you can't even see a dry spot unless you Like look at it from a whole bunch of different light sources I don't have that many light sources. So I Use everything available to me to ensure that I have no dry spots because if you end up with a dry spot All you can do about life at that point Is add another layer of resin and that's depressing also when you add heat don't add too much heat Because the warmer your resin is the thinner it is and you don't want it to just run off, which it will if you add too much heat love this All the way around whatever bit of it so Yeah, that's all the art So today what's a good time to take that take off So I told them that I would Did I set an alarm? Well Probably because the time it is going to be ready to pull it's going to be In the night, we're going to be all the way asleep So for us since it's whatever time it is right now four to six four to six hours, I'm going to be asleep because I'm the type that likes sleep. No shame. I thought I saw a low point. So I added more so I have to like obsessively re-skim it like that It's a process and a problem Hmm. So there we go. But since I added more resin got to add more heat But just a little bit so I inform them that once they can stretch the resin that has fallen into your Catch or on your paper once you can stretch it about an inch Inch and a half without the resin snapping. It's good to go for us in our climate currently Probably six hours because it's colder. If it was warmer, it'll be less time by a lot So, yeah That's the video today folks if you're interested in this glitter or any of the colors that we use today You can find them at artists of that comm Says so right there on the cup or down in the description box below this video Don't forget that we have class in Dallas, Texas on May 13th and March 18th 2023 so bizarre that's 2023 Which will teach oceans and geodes Join us for the pour with us class the end of this month You can get a complete kit on our website as well artists still that comm or Just use whatever you have at home We don't require you to buy anything to pour with us What is a poor with us kid what is a poor with us kid So poor with this kit is a box that comes that has everything in it that you need to do a certain Finish or design for this kit. It will be a marble look because everybody always likes marble It's great backgrounds great countertop. It's a great piece in general do your side tables. It looks amazing and has everything in except for a respirator apron and a torch I Don't sell respirators, but you can add on a torch if you want to most people already have one and we have aprons on our website as well Let me ask what that font was and it it's I got it off Pixar and it's a little bit The original font was a little bit too jagged So I just kind of traced it Because my handwriting is not like that. I really like them the font like the cursive way See you Rhonda. Thanks for joining us See you Julie you're welcome So I just put it in procreate and traced it And kind of made it a little bit more weeding friendly which means to cut it out It's a little bit easier to weed When you're making stickers or when I'm making the shirts for y'all Pull resin tape 18 to 24 hours mmm That that's them that might be excessive maybe Evelyn Pull resin tape 18 to 24 hours, yeah And then somebody asked what were the Micahs that you use for the dragonfly For the dragonfly he did awesome Gillian Let me ask how bowie did he did good. He just they they think it's just allergy It's a respiratory thing But he's awesome Thanks for asking and What was the Somebody asked about them She wants me to pick this stuff up So there is a bling it the interference blue Then we have a What that is Aquamarine aquamarine And then we have a purple Purple sapphire purple sapphire and a pistachio And it is from resin art No, yeah resin art with a Z And a e at the end of art And it's all we have all this stuff on our website artist till death calm Thank you all for joining us tonight Welcome Lisa All right, you guys have an awesome Friday night if you guys go out be careful uber no reason to drink and drive Have an awesome day in the future in Australia Have an awesome weekend you guys rock. Thank you for being here. Thanks for the donation And always be kind to one another cuz you never know what it's me. It's going through So you don't have to oh my goodness you could have done They get it they get the point Thank you guys have an awesome weekend. We'll see you later. Bye. I said bye me. I'm showing Bowie Bowie's like I need my cameo There's Bowie say hi Bowie. Can you say hi? He's just the precious one he did really well at the at the You don't want to say something.  We'll see you later. Bye


Hello, and welcome to this session. This is Professor Farhad. In this session, we would look at a quasi-CPA simulation computing the weighted average number of shares outstanding and EPS, which is you will need the weighted average number of shares in order to compute EPS. This topic is covered in an intermediate accounting course as well as on the CPA exam. As always, I would like to remind my viewers, which is you to connect with me on LinkedIn if you haven't done so. YouTube is where you would need to subscribe. I have 1,500 plus accounting, auditing, tax, and finance lecture. This is a list of all the courses that I covered, including CPA questions on my website. I do have additional resources in addition to the lectures. I have PowerPoint slides, true, false, multiple choice exercises, 2,000 plus CPA questions. So let's take a look at this exercise to make sure we know how to compute the weighted average number of shares outstanding. So we have the data for this company. And you might see this in a CPA simulation on the exam day, or you might see this in a multiple choice. I would say a problem like this, you might see it in a CPA simulation, or maybe they might ask you about a piece of it, for example, to compute only the weighted average number of shares or to compute EPS. So let's go ahead and take a look at this question and we wanna make sure we know how to solve these type of questions. We have net income of 2.5 million, 2.5 million. Preferred stock, we have to be careful. We have 50,000 shares outstanding, $100 power value, 8% cumulative. This is important. What does that mean? It means each shareholder gets $8 per share, which is 100 times 8%. They have 50,000 shares. This means we have to pay the preferred shareholders. The preferred shareholders, we have to pay them $400,000 per year. Okay, if we pay the shareholders, whether we pay them or not, for the EPS computation, we always going to deduct this 400,000 because, listen to me carefully, because they told us the preferred is cumulative. So now once we know it's cumulative, we have to deduct because the basic earnings per share is net income minus preferred stock, which is this is the 400,000 divided by the weighted average number of shares outstanding. Shares outstanding. So this is the computation for EPS. Now, we already know net income, 2.5 million. Now we know the preferred stock dividend, the preferred dividend, preferred stock dividend, which is 400,000. Now we need to compute the weighted average number of shares outstanding. Okay, now we need to focus on this data right here, on this data right here. This is what we are giving. The first thing you wanna do is to read the whole question. And the reason you do so is because you might have a stock split or stock dividend. So let's take a look at this. Shares outstanding, one-one. At the beginning of the year, 750,000. That's excellent. That's when we started. Then we had that many shares until May 1st. May 1st, we issued 300,000 shares. What does that mean if we issued 300,000 shares? It means we added 300,000 shares. Now we have 1,050,000 shares. So we had 750 from one-one to five-one. Starting from five-one, five-one, which is May 1st, from five-one till August 1st. Sorry. Till August 1st, we added 300,000 shares. It means from five-one to eight-one, to eight-one, we had 1,050,000 shares. On eight-one, we acquired treasury stocks 150. It means we deduct 150,000 shares. And this is gonna bring us down to 900,000 shares. And we had that money, from eight-one to two, nothing happened. Oh, sorry. Yes, something happened on 10-one, on 10-one, but nothing happened after 10-one. Till to 12, 31. Now on 10-one, we had the stock split. So simply put, the two-four-one stock split, because every time we have a stock split or a stock dividend, it's gonna apply to everything. It's gonna apply to everything. Now what do we need to do? Now we need to take this information that I just kind of gave you a picture of it. This is what we started with 750 till May 1st. And by May 1st, we added 300,000. Then we went from May 1st till August 1st, then we subtract 150. This is what we are giving here. Then we had a stock split at the end. So to show you the computation for this exercise, I'm gonna move to the Excel sheet, and I will have all the information on the Excel sheet. The same information here. I wanna make sure you understand this, except I will make the stock split adjustment and show you the weighted average per share. Okay, let's go ahead and move to the Excel sheet. Okay, let's take a look at this Excel sheet. And what I have is a column for the event, column for days outstanding, columns for shares outstanding, column for fraction of the year, and either the percent of the year, restatement and the weighted shares. We started with, if you remember, the date we started from January 1st to May 1st. And if you remember, we had 750,000 shares when we started, and that means we had those 412th of the year. What does it mean, 412th? We had 750,000 January, February, March, and April, four months. Okay, May 1st, it doesn't count, because May, it's only the first day in May. Well, the percentage of the year, the percentage of the year is this amount, the fraction of the year is 33%. So we had that many shares, 33% of the year. So I just like to put the percentages, I'll show you why at the end. Now remember, let's assume there was no, let's assume there was no stock split, we will take 750 divided by 0.333. But since we had a stock split, the stock split applies to everything, we have to include the stock split. Therefore, those weighted shares are the following, 750 times 33% times two. Now if we did not have the restatement, then it's 750 times 33%. Now the next event went from, we issued new shares on May 1st, and we issued new share May 1st, and nothing happened till August 1st. And remember, we added 300,000 shares. Now we have 1,050,000. Why 1,050, can I show you why? Because we started with 750, then on that date, May 1st, we added 300,000. I did this on the PowerPoint, I'll show it to you again here. And that many shares, we had that many shares from May 1st till August 1st, because August 1st, you're gonna find out that we purchased some shares. Percentage-wise, that's 25%, 312 is 25%, and the stock split does apply. Now we do the same thing. We'll take a number, shares outstanding, times the fraction of the year, times the restatement. Now August 1st, from August 1st till the end of the year, something happened and we reacquired shares. What does it mean? We reacquired shares, we had 1,050,000, then we reacquired. We bought back 150,000 shares. And that happens, and that took place all the way till the end of the year, which is from August 1st, August, September, October, November, and December, that's 512 of a month. Percentage-wise, that is 42% of the year. Does the stock split applies? Sure it does, because it applies as of the beginning of the year, and the shares, weighted shares is 750. Now we add all the shares up, 1,775,000. Let me show you why. Let me show you why I do the percentages, because when you add the percentages, when you add those percentages, they should add up to 100%. This way you make sure you allocated the all 12 month, or you count four plus three plus five should be 12 month. Okay, but I like the percentage to make sure. Now, I can compute my earnings per share, my net income is 25 million. My preferred dividend is 40,000, which is 50,000 shares, times $8 per share. This is what I started with. My income allocable to common stockholders, which is net income minus, so basically I'm gonna call this net income to common stockholder, to common stockholders. Why do I call it to common stockholders? Because I deducted the preferred dividend, because some of it, the company made 25 million, but 400 goes to the preferred, what's left is 24,600. So the earnings per share is, I will take my 24,600, divided by 1,775, the weighted average number of shares outstanding, which is this number here, and I will get my EPS earnings per share. I hope you were able to follow on this question. I may work in other questions where we have stock dividend and stock split, but anyhow, you might see these questions on the CPA exam as a simulation, or you might see bits and pieces of it as a multiple choice. For example, they may ask you only to compute the weighted average, or they might give you the weighted average, they might give you net income, and they might give you the dividend information, and you have to compute EPS. So you just have to know, you can ask you many questions about this problem. Make sure you understand it. As always, I would like to remind you to visit my website for additional resources. If you're studying for your CPA exam, I strongly suggest you subscribe as it's an investment in your career. Good luck.


Now we're going to Q&A session. Our first question is going to be for Anur, and it's from George, and it says, what would you say is the closest deployed work in terms of cyber-resistant record placement? Are there any aspects specific to this application that require the adoption of different mechanisms? We are not aware of any other work that are super resistant in an open decentralized system like Ethereum work that places records on other nodes. There's only the current deployed discovery system, which is based on a random walk approach. We also evaluate the built-in DHT approach where you route to the closes nodes, the nodes that are closest to the topic hash, and then you register or you look up there. How often your eval would a consensus instance get block hash from the primary without mempool delivering all messages in the block? This would delay the consensus protocol, I presume, and then the following one was, TUSK reminds me somewhat of Hedera Hashgraph, any comparison? For the first question, one sentence answer is, so the primary sends the certificate as they come to the consensus, but they run the same machine because the consensus just interpreted like, so there is no delay there. However, the primary creates the header either every 200 milliseconds or when it got about one kilobyte worth of hashes, that's about 33 hashes. Those are configurable parameters. For the second question, the difference with Hashgraph, there are many actually, the difference pretty much stops that we both use a DAG. Our DAG is structured, every header links to 12 plus one certificates of the previous round, not of any round. And also we have a DAG of certificates which guarantee availability. That's not the case of Hashgraph and others. Question on your mitigation slide. I think it said something like, no eviction of valid transaction that transforms existing valid transaction into invalid. This may be obvious to others, but could you clarify what that might look like? So on this case, we mean that when you evict valid transaction, there is chance that this valid transaction can transform other existing valid transaction into embedded transaction. For instance, in our previous example, if let's say you have a transaction with nonce one, transaction with nonce two, evict that transaction with nonce one that will make the other transaction a future transaction. So this sort of creates a future transaction out of a blue. And in our case, we also prevent that from happening. Did you look at this problem before the bug bounty or the bug bounty made you look at the problem and how interested are web-free bug bounties for academic groups? So I can speak on behalf of my case. I think a bug bounty is really helpful in terms of encouraging students to look at the code and find problems over there. We first read the Ethereum source code first and then do all kinds of brainstorming. We did find problems. And then we ventured out to interact with let's say program managers on those bug bounty. They are really helpful in terms of how severe the problem is, how much border impact the problem is. And they're also really responsive in terms of coming up with a quick fix to protect their system. So to me, I think this is really very useful and helpful platform for academia to support or to promote their research and deploy their research with production software. Yeah. Thank you. Thank you for your insight very much. I think it's a very useful tool and we are looking into deploying across web-free communities, right? This is on a larger scale, I would say. So I think this would be one of the topics of discussions tomorrow. So yeah, that was my question. Thank you so much.


Oh hey there! So here's an idea. Most of us are stuck at home these days with the corona virus and everything. Myself included. Maybe there's a little bit of wind here. Let's see. And so what I thought I'd do is that I want to do something productive. And so I'm going to make one video per day or something like that. Don't hold me accountable to that. I'm going to make a lot of videos. Short videos over the next few days on different topics. And I thought we'd start off with a long video, which is going to be a Q&A video. So please give me your questions. Post them down below. Anything related to running, training, nutrition, anything like that. Post it down below and I'll answer it in an upcoming video. And then I might even take some of the questions and use it as material for a full video in the upcoming days and weeks. So please post your question down below and stay tuned for the video coming up soon.


The exclusionary timeout is the process of contention on a problem behavior The individual is forcibly removed from said environment to a place of no reinforcement For instance, an isolation room in a classroom