On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. On March 1,...

On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On May 1, the company issued a 5% stock dividend. On July 1, the corporation declared and issued a 3-for-1 stock split. On October 1, the corporation repurchased on the market 400,000 of its own outstanding shares and retired them. Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2020

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ekkarill92 answered 1 year ago

On January 1, 2020, a company had 700,000 shares of common stock outstanding. On March 1,...

On January 1, 2020, a company had 700,000 shares of common stock outstanding. On March 1, it issued a 3-for-1 stock split. On July 1 it Issued 50,000 shares. On September 1 it Issued a 20% stock dividend. Determine the weighted-average number of shares outstanding as of December 31, 2020.

On January 1, 2018, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1,...

On January 1, 2018, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 160,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 520,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2018. Weighted average number of shares

Concord Corporation had 129,600 shares of stock outstanding on January 1, 2020. On May 1, 2020,...

Concord Corporation had 129,600 shares of stock outstanding on January 1, 2020. On May 1, 2020, Concord issued 64,800 shares. On July 1, Concord purchased 10,560 treasury shares, which were reissued on October 1. Compute Concord’s weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding

On January 1, 2020, Cullumber Corporation had $1,125,000 of common stock outstanding that was issued at...

On January 1, 2020, Cullumber Corporation had $1,125,000 of common stock outstanding that was issued at par. It also had retained earnings of $746,500. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. a. Par value is $10, and market price is $19. b. Par value is $5, and market...

On January 1, 2020, Sunland Manufacturers had 342,000 common shares outstanding. On April 1, the corporation...

On January 1, 2020, Sunland Manufacturers had 342,000 common shares outstanding. On April 1, the corporation issued 34,200 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 9,900 of its own outstanding common shares to make them available for issuances related to its key executives’ outstanding stock options. a) Calculate the weighted average number of shares outstanding...

On January 1, 2020, Blossom Manufacturers had 366,000 common shares outstanding. On April 1, the corporation...

On January 1, 2020, Blossom Manufacturers had 366,000 common shares outstanding. On April 1, the corporation issued 36,600 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8,400 of its own outstanding common shares to make them available for issuances related to its key executives’ outstanding stock options. Your answer is correct. Calculate the weighted average number...

On January 1, 2016, Alpha Corporation had 300,000 shares of common stock outstanding with a par...

On January 1, 2016, Alpha Corporation had 300,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation declared a 10% stock dividend when the market value was $8 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required."

On January 1, 2020, Sandhill Ltd. had 570,000 common shares outstanding. During 2020, it had the...

On January 1, 2020, Sandhill Ltd. had 570,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 195,000 shares. Mar. 1 Issued a 17% stock dividend. May 1 Acquired 222,000 common shares and retired them. June 1 Issued a 2-for-1 stock split. Oct. 1 Issued 64,000 shares. The company’s year end is December 31. QUESTIONS: A) Determine the weighted average number of shares outstanding as at December 31, 2020. B)...

1. On January 1, 2020, Blossom Ltd. had 498,000 common shares outstanding. During 2020, it had...

1. On January 1, 2020, Blossom Ltd. had 498,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 150,000 shares. Mar. 1 Issued a 10% stock dividend. May 1 Acquired 162,000 common shares and retired them. June 1 Issued a 2-for-1 stock split. Oct. 1 Issued 40,000 shares. The company’s year end is December 31.Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to...

On January 1, 2019, Warren Corporation had 500,000 shares of common stock outstanding. On Apr 1,...

On January 1, 2019, Warren Corporation had 500,000 shares of common stock outstanding. On Apr 1, the corporation issued 100,000 new shares to raise additional capital. On June 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 300,000 of its own outstanding shares and retired them. Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2019.

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