Kingbird Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares of $12 par common stock. At no time has Kingbird issued any potentially dilutive securities. Listed below is a summary of Kingbird’s common stock activities.
1. | Number of common shares issued and outstanding at December 31, 2018 |
2,040,000 |
||
2. | Shares issued as a result of a 12% stock dividend on September 30, 2019 |
244,800 |
||
3. | Shares issued for cash on March 31, 2020 |
1,870,000 |
||
Number of common shares issued and outstanding at December 31, 2020 |
4,154,800 |
|||
4. | A 2-for-1 stock split of Kingbird’s common stock took place on March 31, 2021 |
Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement.
shares |
Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement.
shares |
Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement.
shares |
Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement.
shares |
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Kingbird Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000...
Crane Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares of $12 par common stock. At no time has Crane issued any potentially dilutive securities. Listed below is a summary of Crane’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2015 2,040,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2016 244,800 3. Shares issued for cash on March 31, 2017...
Flounder Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,680,000 shares of $10 par common stock. At no time has Flounder issued any potentially dilutive securities. Listed below is a summary of Flounder’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,000,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 200,000 3. Shares issued for cash on March 31, 2020...
Riverbed Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,480,000 shares of $10 par common stock. At no time has Riverbed issued any potentially dilutive securities. Listed below is a summary of Riverbed’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 1,900,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 190,000 3. Shares issued for cash on March 31, 2020...
Nash Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,810,000 shares of $12 par common stock. At no time has Nash issued any potentially dilutive securities. Listed below is a summary of Nash’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 1,850,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 222,000 3. Shares issued for cash on March 31, 2020...
Stellar Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,490,000 shares of $10 par common stock. At no time has Stellar issued any potentially dilutive securities. Listed below is a summary of Stellar’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,170,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 217,000 3. Shares issued for cash on March 31, 2020...
Sweet Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,770,000 shares of $10 par common stock. At no time has Sweet issued any potentially dilutive securities. Listed below is a summary of Sweet's common stock activities. 1. 2. 3. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of...
Sweet Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,680,000 shares of $10 par common stock. At no time has Sweet issued any potentially dilutive securities. Listed below is a summary of Sweet’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,140,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 214,000 3. Shares issued for cash on March 31, 2020...
Sweet Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,720,000 shares of $10 par common stock. At no time has Sweet issued any potentially dilutive securities. Listed below is a summary of Sweet’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 1,910,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 191,000 3. Shares issued for cash on March 31, 2020...
Culver Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,790,000 shares of $10 par common stock. At no time has Culver issued any potentially dilutive securities. Listed below is a summary of Culver’s common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,200,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 220,000 3. Shares issued for cash on March 31, 2020...
Pronghorn Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,640,000 shares of $10 par common stock. At no time has Pronghorn issued any potentially dilutive securities. Listed below is a summary of Pronghorn's common stock activities. 1. 2. 3. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of...