Question

On January 1, 2021, Grouper Corp. had 472,000 shares of common stock outstanding. During 2021, it...

On January 1, 2021, Grouper Corp. had 472,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 Issued 125,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 100,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 63,000 shares of treasury stock

(a)

Determine the weighted-average number of shares outstanding as of December 31, 2021.
The weighted-average number of shares outstanding
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
On January 1, 2018, Bramble Corp. had 480,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Bramble Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 119,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 97,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock Collapse question part (a) Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number...
On January 1, 2018, Coronado Corp. had 491,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Coronado Corp. had 491,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 114,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 60,000 shares of treasury stock Assume that Coronado Corp. earned net income of $3,619,000 during 2018. In addition, it had 98,000 shares of 9%,...
xercise 16-16 On January 1, 2018, Culver Corp. had 474,000 shares of common stock outstanding. During...
xercise 16-16 On January 1, 2018, Culver Corp. had 474,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 126,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 100,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 62,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares...
Exercise 16-16 (Part Level Submission) On January 1, 2015, Wilke Corp. had 538,000 shares of common...
Exercise 16-16 (Part Level Submission) On January 1, 2015, Wilke Corp. had 538,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account. February 1 Issued 138,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 109,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 79,200 shares of treasury stock Collapse question part (a) Determine the weighted-average number of shares outstanding as of December...
On January 1, 2018, Sweet Corp. had 461,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Sweet Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 104,000 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, 2018. The weighted-average number of shares outstanding Assume...
On January 1, 2018, Shamrock Corp. had 478,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Shamrock Corp. had 478,000 shares of common stock outstanding. During 2018, 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 102,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding LINK...
Weighted-Average Shares Outstanding On January 1, 2020, Lincoln Company had 600,000 shares of $10 par common...
Weighted-Average Shares Outstanding On January 1, 2020, Lincoln Company had 600,000 shares of $10 par common stock outstanding. During 2020, Lincoln had the following transactions that affected the common stock account. March 1 Issued 100,000 shares May 1 Issued a 20% stock dividend July 1 Acquired 60,000 shares of treasury stock September 1 Reissued 40,000 shares of treasury stock November 1 Issued a 2-for1 stock split Instructions: Compute the weighted-average number of common stock shares outstanding as of December 31,...
On January 1, 2021, Indigo Corp. had 484,000 shares of common stock outstanding. During 2021, it...
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...
Exercise 16-16 (Part Level Submission) On January 1, 2018, Sunland Corp. had 461,000 shares of common...
Exercise 16-16 (Part Level Submission) On January 1, 2018, Sunland Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 104,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock (A) Assume that Sunland Corp. earned net income of $3,325,000 during 2018. In addition,...
On January 1, 2021, Ivanhoe Corporation had 1,000,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Ivanhoe Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares   
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT