Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2014. On May 1, 2014, Douglas
Question:
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2014. On May 1, 2014, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average number of shares outstanding for 2014.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Answer The weightedaverage number of shares outstanding for 2014 is 130000 shares This is calculated ...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2020. On May 1, 2020, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued...
-
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2010. On May 1, 2010, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued...
-
Concord Corporation had 126,000 shares of stock outstanding on January 1, 2017. On May 1, 2017, Concord issued 57,600 shares. On July 1, Concord purchased 9,000 treasury shares, which were reissued...
-
Multiple Choice Questions 1. Direct materials are not usually easily traced to a product. A) True B) False 2. Product costs can be classified as one of three types: direct materials, direct labor, or...
-
Should employers get involved in their employees healthy lifestyle choices? Why or why not?
-
Does a partnership pay income tax?
-
In August 2014, Superior Structures of Ohio, LLC, and its president, Ryan Villhauer, applied for credit with Willoughby Supply Company, Inc. The application contained a section providing for a...
-
Conlin Corporation had the following tax information. In 2011 Conlin suffered a net operating loss of $480,000, which it elected to carry back. The 2011 enacted tax rate is 29%. Prepare Conlin's...
-
Inflation Bonds (I Bonds) are safe investments issued by the U.S. Treasury to protect individual's money from loosing value due to inflation. Interest rates on I Bonds are adjusted regularly to keep...
-
Information from the annual report of Hicks Company (a fictional company) to shareholders follows: Required: 1. Suppose that the increase in the preferred stock account was due to the issuance of new...
-
Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bonds are converted on December 31, 2014, when the unamortized discount is...
-
Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 30,000 shares. (a) Compute the weighted-average number of shares outstanding if the 30,000...
-
The table above contains ideal framework coordinates for different zeolites. Use a package such as vesta (http://jp-minerals.org/vesta/en/) to produce a 3D drawing of each structure. For each example...
-
If you use the standard deviation as a measure of the variability in a sample, what statistical assumptions have you implicitly adopted?
-
What are three major responsibilities for marketing researchers who collect, manage, analyze, and communicate data? What do you think is the most important responsibility? Explain.
-
Define floating-rate bonds, zero coupon bonds, callable bonds, putable bonds, income bonds, convertible bonds, and inflation-indexed bonds (TIPS).
-
Describe geodemographics. What computer programs aid in the collection of geodemographics?
-
Name the major rating agencies, and list some factors that affect bond ratings.
-
Show that if A is symmetric, then ||A||2 = (A).
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
In conducting year-end inventory counts, your audit team is debating the impact of the clients right of return policy both on inventory valuation and revenue recognition. The assistant controller...
-
In this simulation, you are asked to address questions regarding inventory valuation and measurement. Prepare responses to allparts. KWW Professlonal Simulation Inventory Valuation Time Remaining 2...
-
T J International was founded in 1969 as Trus Joist International. The firm, a manufacturer of specialty building products, has its headquarters in Boise, Idaho. The company, through its partnership...
-
A Class B address is assigned the subnet mask of 255.255.240.0. How many subnets are possible? Question 14 To provide more subnets, a Class B address is assigned the subnet mask of 255.255.240.0. How...
-
b) Where and why are some countries or regions bypassing LANs and physical cabling altogether, and moving to a wireless system architecture? What are the advantages and disadvantages of this...
-
A network needs 29 subnets while maximizing the number of host addresses available on each subnet. How many bits must you borrow from the host portion to provide the correct subnet mask? . Question 8...
Study smarter with the SolutionInn App