Messier Inc. had 34,000 common shares on January 1, 2015. On August 31 and November 30, 9,000

Question:

Messier Inc. had 34,000 common shares on January 1, 2015. On August 31 and November 30, 9,000 and 6,000 common shares were issued, respectively. Calculate

(a) The number of common shares issued at December 31, 2015,

(b) The weighted average number of common shares for 2015.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

See More Books

Question Posted: Jan 11, 2017 10:28 AM

See More Questions

Eastwood Inc. had the following shares authorized in its articles of incorporation and issued on December 31, 2015: 100,000 preferred shares, no par, $4 semi-annual dividend, non-voting, redeemable...
Company C had outstanding 30,000 common shares. On January 1, 2015, Company D purchased some of these shares as a non- current investment at $ 25 per share. At the end of 2015, Company C reported the...
Ship Corporation had outstanding 100,000 common shares. On January 10, 2014, Shore Company purchased a block of these shares in the open market at $ 20 per share for long- term investment purposes....
Under a plan of complete liquidation, Coast Corporation distributes land with a $300,000 adjusted basis and a $400,000 FMV to William, a 25% shareholder. William has a $200,000 basis in his Coast...
Chicos has sales of 15,000 units at a price of $20 per unit. The firm incurs fixed operating costs of $30,000 and variable operating costs of $12 per unit. What is Chicos degree of operating leverage...
1. Consider Best Buys Results Only Work Environment. What are its major strengths and weaknesses? 2. Describe the types of performance that ROWE overlooks. What are the likely consequences of...
White Company can invest in one of two projects, TD1 or TD2. Each project requires an initial investment of $101,250 and produces the year-end cash inflows shown in the following table. Required 1....
Comprehensive variance analysis, responsibility issues (CMA, adapted) Styles, Inc. manufactures a full line of well-known sunglasses frames and lenses. Styles uses a standard costing system to set...
6. What %A, %B, and %C are represented by the black dot in the drawing ==> ? (Figure out real number values using the lever rule and a ruler.) A C b a C B
Prove that the code represented by the following codewords is not linear. You need to find only one case that violates the linearity. {(00000), (01011), (10111), (11111)}
Canadian National Railway and Canadian Pacific Railway have a dividend of $1.50 per common share and $1.40 per common share, respectively. The market price of their shares is $93.72 per share and...
Refer to the data for Messier Inc. given in BE11-14. Messier reported a profit of $370,000. Messier also had 10,000 $2 cumulative preferred shares, on which the dividend for the current year was...
Consider a protein that contains an ER signal sequence at its N-terminus and a nuclear localization sequence in its middle. What do you think the fate of this protein would be? Explain your answer.
How did L.L Bean's decision to end its lifetime refund policy relate to ethical issues relating to communication when they made the decision?
You are considering a project with the following cash flows: Year 1: $5,600 Year 2: $9,000 Year 3: $2,000 What is the present value of these cash flows, given an 11 percent discount rate?
Brainstorm a list of ten ways in which you could take advantage of communicating with your instructor to help build and construct a powerful learning experience. What do you do if you need additional...
Donnelly and Son pay $8 as the annual dividend on their preferred stock. Currently, this stock is selling for $72 a share. What is Donnelly's cost of preferred stock?
It is July 8 th , 4:45 am and the Rogers network has suddenly gone down. The internal engineering team is in a panic and the customer service agents are getting overwhelmed. As the CS Project Lead,...
In this exercise, you modify the Cerruti Company application from this chapters Apply lesson. Use Windows to make a copy of the Cerruti Solution folder. Rename the copy Modified Cerruti Solution....
Discuss the information available from the following techniques in the analysis of inorganic pigments used in antique oil paintings: (i) Powder X-ray diffraction, (ii) Infrared and Raman...
The following information (in millions of dollars) is available for Limited Brands for 2008: Sales revenue $9,043; net income $220; preferred stock dividend $0; average shares outstanding 333...
For each of the following events affecting the stockholders equity of Willis, indicate whether the event would: increase retained earnings (IRE), decrease retained earnings (DRE), increase common...
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash ............. $ 29.3 Accounts receivable .......... 20.5 Inventory ...............
1-2. Draw graphs of the following functions using transformations: 1. y = 2x-1 x-2' 2. y log2x+1|- 3.
Assume a simultaneous open market purchase of 100 million from the Bank of England and a repayment of a discount loan of 5 million from Bank A to the Bank of England. Show the overall change in their...
Let 1 f(z) = (2-1)(x-2) Find the Laurent expansion of f about z = 0 in the region {ze C: 1

Messier Inc. had 34,000 common shares on January 1, 2015. On August 31 and November 30, 9,000

Question:

Step by Step Answer:

Weighted average number of shares January 1 34000 121...View the full answer

Financial Accounting Tools for Business Decision Making

Students also viewed these Accounting questions