The following stock transaction took place for Corporation ABC during 2019: Jan 1: Issued 9,000 shares...
The following stock transaction took place for Corporation ABC during 2019:
Jan 1: Issued 9,000 shares of common stock.
April 1: Issued another 1,000 shares.
June 1: Issued a 100% stock dividend.
Sept 1: Issued 4,000 shares.
Determine the number of weighted average number of shares.
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The following stock transaction took place for Corporation ABC
during 2019:
Jan 1: Issued 9,000 shares...
Edmond Company had the following transactions during 2019. 1-Jan Issued common stock for cash. Number of...
Edmond Company had the following transactions during 2019. 1-Jan Issued common stock for cash. Number of shares issued 30,000 Par value per share $ 2 Market price per share $ 5 1-Mar The company purchased shares of its common stock for the treasury. Number of shares purchased 4,000 Market price per share $ 8 1-Jun The company sells some shares of its Treasury Stock Number of shares sold 1,000 Market price per share $ 10 1-Sep The...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31,...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31, 2018, balance sheet: Preferred stock, $100 par value, 6% cumulative, 30,000 shares authorized 1,000 shares issued and outstanding $100,000 Common stock, $10 par value, 150,000 shares authorized 50,000 shares issued and outstanding 500,000 Jumbo Corporation engaged in the following stock transactions during 2019: Mar. 1 Issued 10,000 shares of common stock for cash. Apr. 1 Purchased 2,000 shares of common stock as treasury stock....
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020,...
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020, its first year of operation, the company has the following stock transactions. Jan. 1 Issued 100,000 shares of stock at $12 per share. Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $8,000. July 2 Issued 10,000 shares of stock...
Edmond Company had the following transactions during 2019. 1-Jan Issued common stock for cash. Nu...
Edmond Company had the following transactions during 2019. 1-Jan Issued common stock for cash. Number of shares issued 30,000 Par value per share $ 2 Market price per share $ 5 1-Mar The company purchased shares of its common stock for the treasury. Number of shares purchased 4,000 Market price per share $ 8 1-Jun The company sells some shares of its Treasury Stock Number of shares sold 1,000 Market price per share $ 10 1-Sep The...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding. The...
On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a par value of $5 per share. During the year, the following occurred. Jan. 5 Issued 25,000 additional shares of common stock for $17 per share. April 15 Declared a cash dividend of $1 per share to stockholders of record on April 30. May 10 Paid the $1 cash dividend. July 15 Declared a 10% stock dividend on 120,000 (95,000 + 25,000)...
Weighted Average Common Shares and EPS Toys Corporation reported that the following changes in common shares...
Weighted Average Common Shares and EPS
Toys Corporation reported that the following changes in common
shares outstanding occured during the year 2019.
January 1 60,000 common shares were outstanding on January
1st, 2019 April 1st issued 50,000 commom shares.
required:
a. Calculate the weighted-average number of common shares
outstanding during the year 2019.
b. Toys earnings for the year 2019 amounted to $985,000.
(Hint: remember you have already calculayed the # of shares above).
Calculate the EPS.
Weighted Average Common...
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...
EXERCISES During 2018, Maldives Corporation reported the following selected transactions: Jan 1 Issued 20,000 common shares...
EXERCISES During 2018, Maldives Corporation reported the following selected transactions: Jan 1 Issued 20,000 common shares at $15 per share. 1. Jun 15 Sep 30 Oct 10 Issued 2,000 common shares at $14 per share in exchange for equipment valued at $27,000 The board of directors declared a 10% common stock dividend. The market of the common shares on this date was $12 per share. The 10% common stock dividend is distributed. The board of directors declared a cash dividend...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5.000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000...
ABC Corporation is authorized to issue 1.000.000 shares of $1 par value common stock During 2020, its first year of operation, the company has the following stock transactions. Jan. 1 Issued 100,000 shares of stock at $12 per share. Jan. 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $8,000. July 2 Issued 10,000 shares of stock...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
Weighted Average Common Shares and EPS
Toys Corporation reported that the following changes in common
shares outstanding occured during the year 2019.
January 1 60,000 common shares were outstanding on January
1st, 2019 April 1st issued 50,000 commom shares.
required:
a. Calculate the weighted-average number of common shares
outstanding during the year 2019.
b. Toys earnings for the year 2019 amounted to $985,000.
(Hint: remember you have already calculayed the # of shares above).
Calculate the EPS.
Weighted Average Common...
EXERCISES During 2018, Maldives Corporation reported the following selected transactions: Jan 1 Issued 20,000 common shares at $15 per share. 1. Jun 15 Sep 30 Oct 10 Issued 2,000 common shares at $14 per share in exchange for equipment valued at $27,000 The board of directors declared a 10% common stock dividend. The market of the common shares on this date was $12 per share. The 10% common stock dividend is distributed. The board of directors declared a cash dividend...
1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5.000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7. 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000...
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