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Compute the weighted-average number of shares outstanding for Troy Company, which has a simple capital structure, assuming

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Compute the weighted-average number of shares outstanding for Troy Company, which has a simple capital structure, assuming that the following transactions in common stock occurred during the calendaryear.
Compute the weighted-average number of shares outstanding for Tr
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Number of Shares $10 Par Value Date Transactions in Common Stock Jan. IShares outstanding 44,000 56,000 (25.000) 25% of shares outstanding 10,000 b.Issued for caslh I . Acquired treasury stock Aug. 1 . , 25% stock dividend Sept. I.. Resold part of treasury stock shares Nov.I. Issued 3-for-l stock split

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IncreaseDecrease in No of Shares Jan 1 to Feb 1 44000 X 112 X 3 X 125 13750 44000 56000 Feb 1 to ...View the full answer


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Intermediate Accounting

Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Treasury stock refers to shares of a company\'s own stock that the company has bought back from its shareholders and now holds as a form of asset on its balance sheet. When a company buys back its own stock, it reduces the number of outstanding shares in the market, which can potentially increase the value of the remaining shares. Treasury stock can be acquired through a variety of methods, such as open market purchases, negotiated transactions, or as a result of converting convertible securities. Companies may buy back their own shares for a number of reasons, including to return capital to shareholders, to signal confidence in the company\'s future, or to use the shares for employee stock option plans. While treasury stock does not pay dividends, it can be reissued by the company at a later time, which could dilute the value of the remaining shares. Companies are required to report their treasury stock holdings in their financial statements.

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