On January 1, 2015, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1,...
On January 1, 2015, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 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 500,000 of its own outstanding shares and retired them. Please show all work - this was all the information given
Homework Answers
| 2,125,000 | |||||
| Increase (Decrease) | Outstanding | Months Outstanding | Weighted average | ||
| Jan 1 | 1,000,000 | 2 | 2/1 | 4,000,000 | |
| March 1 | 150,000 | 1,150,000 | 4 | 2/1 | 9,200,000 |
| July 1 | 1,150,000 | 2,300,000 | 3 | 6,900,000 | |
| Oct 1 | (500,000) | 1,800,000 | 3 | 5,400,000 | |
| 12 | 25,500,000 | ||||
| (25,500,000/12) | 2,125,000 | ||||
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On January 1, 2015, Warren Corporation had 1,000,000 shares of
common stock outstanding. On March 1,...
On January 1, 2021, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 200,000 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 600,000 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 2021. Increase Months (Decrease) Outstanding ...
On January 1, 2018, Warren Corporation had 1,020,000 shares of common stock outstanding. On March 1,...
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On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 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 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
On January 1, 2021, Crane Corporation had 980,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Crane Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 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 450,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. 1- Weighted average number of shares ?
Problem 1: calculate the weighted average shares outstanding (WASO). On January 1, 2016, Canyon Corporation had...
Problem 1: calculate the weighted average shares outstanding (WASO). On January 1, 2016, Canyon Corporation had 500,000 shares of common stock outstanding. On April 1, the corporation issued 100,000 new shares to raise additional capital. On August 1, the corporation declared and issued a 3-for-1 stock split. On November 1, the corporation purchased on the market 300,000 of its own outstanding shares and retired them.
On January 1, 2020, Sunland Manufacturers had 270,000 common shares outstanding. On April 1, the corporation...
On January 1, 2020, Sunland Manufacturers had 270,000 common shares outstanding. On April 1, the corporation issued 27,000 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 10,200 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Calculate the weighted average number of shares outstanding as...
On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding....
On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding. These shares were originally issued at a price of $26 per share. In addition, 500 shares of $50 par preferred stock were outstanding. These were issued at a price of $75 per share. During the year, the following stock transactions occurred: 1. March 3: Lorain reacquired 100 shares of its own common stock at a cost of $24 per share. 2. April 27: It...
EPS
Assume that the following data relative to Lane Company for 2015 is available:Net Income $1,100,000 Jan. 1, 2015, Beginning number of common shares 500,000 Transactions in Common Shares in 2015 On April 1, the corporation purchased on the market 60,000 of its own outstanding shares. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation issued 110,000 new shares to raise additional capital. On December 1, the corporation issued 10% stock dividends. Assume...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30. July 10 Paid the $3 cash dividend. Dec. 1 Issued 1,000 additional shares of common stock for $18 per...
On January 1, 2015, Geffrey Corporation had the following stockholders’ equity accounts. Common Stock ($20 par...
On January 1, 2015, Geffrey Corporation had the following
stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
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Paid-in Capital in Excess of Par—Common Stock
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Retained Earnings
593,200
During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 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 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
On January 1, 2020, Sunland Manufacturers had 270,000 common shares outstanding. On April 1, the corporation issued 27,000 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 10,200 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Calculate the weighted average number of shares outstanding as...
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stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
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Paid-in Capital in Excess of Par—Common Stock
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Retained Earnings
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During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
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