The original income statements for ZoomMed Inc. presented the following information when they were first published in
Question:
The original income statements for ZoomMed Inc. presented the following information when they were first published in 2019, 2020, and 2021:
The company also experienced some changes in the number of outstanding common shares over the three years through the following activities*:
Outstanding shares on December 31, 2018 ................................................................... 20,0002019Issued shares on July 1 ..................................................................................................... + 2,000Issued shares on September 30 ...................................................................................... + 7,00020% share dividend on December 1 ................................................................................... ?Outstanding shares on December 31, 2019 ...................................................................... ?2020Issued shares on March 31 .............................................................................................. + 8,000Outstanding shares on December 31, 2020 ...................................................................... ?2021Issued shares on July 1 ..................................................................................................... + 6,4002:1 split on November 1 ....................................................................................................... ?Outstanding shares on December 31, 2021 ...................................................................... ?
Required
1. Calculate the 11 missing amounts.
2. Calculate the weighted-average number of common shares outstanding during:
a. 2019
b. 2020
c. 2021
3. Rounding calculations to two decimal places, prepare the earnings per share income statement presentations for:a. 2019
b. 2020
c. 2021
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Step by Step Answer:
Part 1 Calculate the missing amounts 2021 2020 2019 Sales 400000 300000 250000 Costs and expenses 27...View the full answer
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
