On January 1, 2021, Cheyenne Corp. had 459,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Cheyenne Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2021.
| February 1 | Issued 123,000 shares | |
| March 1 | Issued a 10% stock dividend | |
| May 1 | Acquired 101,000 shares of treasury stock | |
| June 1 | Issued a 3-for-1 stock split | |
| October 1 | Reissued 57,000 shares of treasury stock |
Homework Answers
Calculate weighted average number of shares
| Date | Weighted average share | |
| Jan 1 | 459000*1.1*3*1/12 | 126225 |
| Feb 1 | 582000*1.1*3*1/12 | 160050 |
| March 1 | 582000*1.1*3*2/12 | 320100 |
| May 1 | 539200*3*1/12 | 134800 |
| June 1 | 539200*3*4/12 | 539200 |
| Oct 1 | 1674600*3/12 | 418650 |
| Total | 1699025 |
So 1699025 Shares
Add Answer to:
On January 1, 2021, Cheyenne Corp. had 459,000 shares of common
stock outstanding. During 2021, it...
Exercise 16-16 (Part Level Submission) On January 1, 2021, Cullumber Corp. had 459,000 shares of common...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Determine the weighted-average number of shares outstanding as of
December 31, 2021.
The...
On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 98,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021.
On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 98,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021.
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares...
On January 1, 2021, Cheyenne Corp. had 461,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Cheyenne Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 124,000 shares Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021 The weighted average number of shares...
January 1, 2021, Flint Corp. had 502,000 shares of common stock outstanding. During 2021, it had...
January 1, 2021, Flint Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 98,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock Assume that Flint Corp. earned net income of $3,605,000 during 2021. In addition, it had 104,000 shares of 9%, $100...
On January 1, 2021, Stellar Corp. had 474,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Stellar Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 98,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding 1745700...
Exercise 16-16 (Part Level Submission) On January 1, 2021, Cullumber Corp. had 459,000 shares of common...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Your answer is correct.
Determine the weighted-average number of shares outstanding as of...
On January 1, 2021, Windsor Corp. had 461,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Windsor Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 124,000 shares Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) X Your answer is incorrect. Determine the weighted average number of shares outstanding as of December 31, 2021....
On January 1, 2021, Sarasota Corp. had 478,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Sarasota Corp. had 478,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 102,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock a- Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Determine the weighted-average number of shares outstanding as of
December 31, 2021.
The...
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares...
On January 1, 2021, Cheyenne Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 124,000 shares Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021 The weighted average number of shares...
Exercise 16-16 (Part Level Submission)
On January 1, 2021, Cullumber Corp. had 459,000 shares of common
stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 126,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 101,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 62,000 shares of treasury stock
(a)
Your answer is correct.
Determine the weighted-average number of shares outstanding as of...
On January 1, 2021, Windsor Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 124,000 shares Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) X Your answer is incorrect. Determine the weighted average number of shares outstanding as of December 31, 2021....
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 50 minutes ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 50 minutes ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 54 minutes ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 1 hour ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 1 hour ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 1 hour ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 1 hour ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 1 hour ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 1 hour ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 1 hour ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 1 hour ago -
How much money should be invested today in order to have $8340
at the end of...
asked 1 hour ago