On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding.
ID: 2507808 • Letter: O
Question
On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.
February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.
February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2012.
Explanation / Answer
(a) Weighted-average number of shares outstanding 1,939,000
(b) Earnings Per Share = $3,256,000 (Net Income)/1,939,000 (Weighted-Average Shares)= $1.68
(c) Earnings Per Share = ($3,256,000
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.