Question

Headland Corporation began its latest fiscal year on January 1, 2021, with 460,000 common shares outstanding....

Headland Corporation began its latest fiscal year on January 1, 2021, with 460,000 common shares outstanding. During the year, the following events occurred:

● On February 1, Headland sold 15,600 additional common shares.
● The company declared and issued a 25% stock dividend on March 1.
● On June 1, Headland repurchased and cancelled 3,900 common shares.
● An additional 4,700 common shares were issued on July 1.
● On September 1, Headland declared and issued a three-for-one stock split.
● On December 1, Headland issued an additional 13,800 shares.
● Following the fiscal year, Headland declared and issued a two-for-one stock split on February 1, 2022.


The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Headland should use for calculating its EPS numbers for 2021.

Weighted average number of common shares is?
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

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
Flounder Corporation began its latest fiscal year on January 1, 2021, with 550,000 common shares outstanding....
Flounder Corporation began its latest fiscal year on January 1, 2021, with 550,000 common shares outstanding. During the year, the following events occurred: ● On February 1, Flounder sold 14,200 additional common shares. ● The company declared and issued a 25% stock dividend on March 1. ● On June 1, Flounder repurchased and cancelled 3,550 common shares. ● An additional 5,100 common shares were issued on July 1. ● On September 1, Flounder declared and issued a three-for-one stock split....
Whispering Ltd. began its latest fiscal year on January 1, 2020, with 12,000 common shares outstanding....
Whispering Ltd. began its latest fiscal year on January 1, 2020, with 12,000 common shares outstanding. On April 1, Whispering sold 1,200 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Whispering repurchased and cancelled 210 common shares. An additional 3,750 common shares were issued on September 1. On November 1, Whispering declared and issued a 2-for-one stock split. On December 1, Whispering issued an additional 100 shares. Following the fiscal...
Larkspur Ltd. began its latest fiscal year on January 1, 2020, with 12,000 common shares outstanding....
Larkspur Ltd. began its latest fiscal year on January 1, 2020, with 12,000 common shares outstanding. On April 1, Larkspur sold 1,200 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Larkspur repurchased and cancelled 210 common shares. An additional 3,750 common shares were issued on September 1. On November 1, Larkspur declared and issued a 2-for-one stock split. On December 1, Larkspur issued an additional 100 shares. Following the fiscal...
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   
1) Blossom Corporation had 656,400 common shares outstanding on January 1, 2020. On March 1, 2020,...
1) Blossom Corporation had 656,400 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 159,000 shares. On September 1, Blossom repurchased and cancelled 64,200 shares. Calculate Blossom’s weighted average number of shares outstanding for the year ended December 31, 2020. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding. 2) Carla Vista Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Carla Vista issued 20,400 shares...
The Alford Group had 310,000 shares of common stock outstanding at January 1, 2021. The following...
The Alford Group had 310,000 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 21,000 shares of treasury stock. Oct. 31 Sold the treasury shares purchased on February 28. Nov. 30 Issued 84,000 new shares. Dec. 31 Net income for 2021 is $909,000. 2022 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2022 is...
Cullumber Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Cullumber...
Cullumber Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Cullumber issued 20,700 shares in exchange for equipment. On July 1, Cullumber repurchased and cancelled 11,700 shares. On October 1, 2020, Cullumber declared a 5–for–1 stock split. Calculate the weighted average number of shares outstanding for Cullumber for the year ended December 31, 2020. Weighted average number of shares outstanding :____________
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
On January 1, 2020, Pharoah Manufacturers had 258,000 common shares outstanding. On April 1, the corporation...
On January 1, 2020, Pharoah Manufacturers had 258,000 common shares outstanding. On April 1, the corporation issued 25,800 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 12,000 of its own outstanding common shares to make them available for issuances related to its key executives’ outstanding stock options. QUESTIONS: A) Calculate the weighted average number of shares...
On January 1, 2017, Hades Corporation had 800,000 shares of common stock outstanding. On March 1,...
On January 1, 2017, Hades Corporation had 800,000 shares of common stock outstanding. On March 1, the corporation issued 300,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, Hades purchased on the market 400,000 of its own shares and retired them. Compute the weighted-average number of shares for the year 2017
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT