On January 1, 2021, Indigo Corp. had 484,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 | Issued 116,000 shares | |
March 1 | Issued a 10% stock dividend | |
May 1 | Acquired 99,000 shares of treasury stock | |
June 1 | Issued a 3-for-1 stock split | |
October 1 | Reissued 61,000 shares of treasury stock |
Determine the weighted-average number of shares outstanding as of December 31, 2021.
The weighted-average number of shares outstanding |
enter the weighted-average number of shares outstanding as of December 31, 2018 |
eTextbook and Media
Assume that Indigo Corp. earned net income of $3,296,000 during 2021. In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)
Earnings Per Share |
$enter earnings per share rounded to 2 decimal places |
eTextbook and Media
Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)
Earnings Per Share |
$enter earnings per share rounded to 2 decimal places |
eTextbook and Media
Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $413,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)
Indigo Corp. |
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select an opening name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
$enter a dollar amount per share rounded to 2 decimal places |
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select an income statement item DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
enter a dollar amount per share rounded to 2 decimal places |
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select a closing name for this statement DividendsExpensesExtraordinary LossExtraordinary GainIncome Before Extraordinary ItemIncome From Continuing OperationsIncome Per Share Before Extraordinary ItemLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
enter a total earnings per share amount rounded to 2 decimal places |
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