Turner Limited had 40,000 common shares on January I, 2014. On April I, 8,000 shares were repurchased. On August 31, 12,000 shares were issued. Calculate the number of shares outstanding at December 31, 2014, and the weighted average number of shares for 2014.
Answer to relevant QuestionsIn 2014, I & T Corporation reported net income of $1.6 million, and declared and paid preferred share dividends of $400,000. During 2014, I & T had a weighted average of 120,000 common shares outstanding. Calculate I & T's 2 ...Delray Inc. follows IFRS and has the following amounts for the year ended December 31, 2014: gain on sale of FV-NI investments (before tax) $1,000; loss from operation of discontinued division (net of tax) $3,000; income ...The financial records of Geneva Inc. were destroyed by fire at the end of 2014. Fortunately, the controller had kept the following statistical data related to the income statement: l. The beginning merchandise inventory was ...At December 31, 2014, Tres Hombres Corporation had the following shares outstanding: 10% cumulative preferred shares, 107,500 shares outstanding. $10,750,000 Common shares, 4,000,000 shares outstanding...... ...In recent years, Grace Inc. has reported steadily increasing income. The company reported income of $20,000 in 2011, $25,000 in 2012, and 530,000 in 2013. Several market analysts have recommended that investors buy ...
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