Question
In: Accounting
The following information is available for Barone Corporation: January 1, 2013 Shares outstanding &n
The following information is available for Barone Corporation:
January 1, 2013 Shares outstanding 1,500,000
April 1, 2013 Shares issued 240,000
July 1, 2013 Treasury shares purchased 90,000
October 1, 2013 Shares issued in a 100% stock dividend 1,650,000
The number of shares to be used in computing earnings per common share for 2013 is
A. 3,285,000
B. 3,390,600
C. 2,047,500
D. 3,270,000
PLEASE SHOW YOUR WORK!
Solutions
Expert Solution
--Correct Answer = Option 'A' 3,285,000
| Date | Shares | Shares remain outstanding for (months) | Weighted Average no. of shares | |
| 01-Jan-13 | 1,500,000 | 12 | 1,500,000 | [1500000 shares x 12/12] |
| 01-Apr-13 | 240,000 | 9 | 180,000 | [240000 shares x 9/12] |
| 01-Jul-13 | (90,000) | 6 | (45,000) | [90000 shares x 6/12] |
| 01-Oct-13 | 1,650,000 | 12 | 1,650,000 | [1650000 shares x 12/12] |
| Total no. of shares to be used in computing EPS | 3,285,000 | ANSWER | ||
ekkarill92 answered 1 year agoRelated Solutions
The following information is available for Barone Corporation: January 1, 2013 Shares outstanding &n
The following information is available for Barone
Corporation:
January 1, 2013 Shares
outstanding
1,500,000
April 1,
2013
Shares
issued
240,000
July 1,
2013
Treasury shares
purchased
90,000
October 1, 2013 Shares
issued in a 100% stock
dividend
1,650,000
The number of shares to be used in computing earnings per common
share for 2013 is
A. 3,285,000
B. 3,390,600
C. 2,047,500
D. 3,270,000
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January 1, 2018 Shares
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March 1, 2018 Shares
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570,000
April 1, 2018
Treasury shares
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100,000
September 1, 2018 Shares issued
300,000
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2,269,167 shares
2,583,333 shares
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