i think i got it wrong, if you can please help ty
1 | Numerator | / | Denominator | = | Earnings per share | |
$1,495,000 | / | 230,000 | = | $6.50 | ||
Working | ||||||
Calculation of the weighted average common shares outstanding | ||||||
Beginning balance, Jan 1, 2021 | 240,000 | |||||
Feb. 28 Purchased 30,000 shares | 30,000 x 10/12 | (25,000) | ||||
Oct. 31 Sold treasury shares | 30,000 x 2/12 | 5,000 | ||||
Nov. 30 Issued 120,000 new shares | 120,000 x 1/12 | 10,000 | ||||
230,000 | ||||||
2 | Numerator | / | Denominator | = | Earnings per share | |
$1,495,000 | / | 720,000 | = | $2.08 | ||
Working | ||||||
Calculation of the weighted average common shares outstanding | ||||||
Beginning balance, Jan 1, 2021 | 240,000 | |||||
Feb. 28 Purchased 30,000 shares | (30,000) | |||||
Oct. 31 Sold treasury shares | 30,000 | |||||
Nov. 30 Issued 120,000 new shares | 120,000 | |||||
Total outstanding shares, December 31, 2021 | 360,000 | |||||
x2 | ||||||
Stock split 2 for 1 | 720,000 | |||||
3 | Numerator | / | Denominator | = | Earnings per share | |
$1,495,000 | / | 460,000 | = | $3.25 | ||
Working | ||||||
Calculation of the weighted average common shares outstanding | ||||||
Beginning balance, Jan 1, 2021 | 240,000 | |||||
Feb. 28 Purchased 30,000 shares | 30,000 x 10/12 | (25,000) | ||||
Oct. 31 Sold treasury shares | 30,000 x 2/12 | 5,000 | ||||
Nov. 30 Issued 120,000 new shares | 120,000 x 1/12 | 10,000 | ||||
Total outstanding shares, December 31, 2021 | 230,000 | |||||
x2 | ||||||
Stock split 2 for 1 | 460,000 | |||||
i think i got it wrong, if you can please help ty The Alford Group had 240,000 shares of common stock outstanding at Jan...
The Alford Group had 240,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2021 is $1,495,000. 2022 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2022 is...
The Alford Group had 240,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2018 is $1,495,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019...
The Alford Group had 340,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2018 is $495,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019...
The Alford Group had 330,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 27,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 108.000 New shares. Dec. 31 Net income for 2018 is $642,000. 4:28 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019...
The Alford Group had 150.000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 3,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 12,000 new shares. Dec. 31 Net income for 2018 is $1,639,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019 is...
The Alford Group had 320,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 24,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 96,000 new shares. Dec. 31 Net income for 2018 is $780,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019 is...
5 The Alford Group had 340,000 shares of common stock outstanding at January 1, 2018. The following activities affect common shares during the year. There are no potential common shares outstanding 2018 Feb. 28 Purchased 30,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 120,000 new shares. Dec. 31 Net income for 2018 is $495,00e. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019...
The Alford Group had 320,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 24,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 96,000 new shares. Dec. 31 Net income for 2018 is $780,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019 is...
Exercise 19-13 (Algo) EPS; treasury stock; new shares; stock dividends; two years [LO19-5, 19-6] The Alford Group had 330,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 27,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 108,000 new shares. Dec. 31 Net income for 2021 is $642,000. 2022 Jan. 15...
The Alford Group had 180,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shares during the year. There are no potential common shares outstanding. 2018 Feb. 28 Purchased 12,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 48,000 new shares. Dec. 31 Net income for 2018 is $1,672,000. 2019 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019 is...