Question: Accounting 2 Explain me briefly with full steps please Exercise 13-10 Weighted average shares outstanding and earnings per share 103 Xcel CHECK FIGURE: Weighted average

Accounting 2

Explain me briefly with full steps please

Exercise 13-10 Weighted average shares outstanding and earnings per share 103 Xcel CHECK FIGURE: Weighted average outstanding shores 86,000 Liberty Ventures Inc. reported $209,840 profit in 2020 and declared preferred dividends of $34,400. The following changes in common shares outstanding occurred during the year Jan 160.000 common shares were outstanding, June 30 Sold 20,000 common shares. Sept. 1 Declared and issued a 20% common share dividend Nov. 2 Sold 12,000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round EPS calculations to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q1-Explain how the EBIT Chart works (inputs determining the outputs-the two lines on the chart Case Leahy Bread Company (LBC) in Cohen Finance Workbook, page 111( a 'caselette') SEE THE IS/BS MODEL &...

Sorry, they are all out of order. If you look at the excel tabs at the lower right corner, you can pretty much see which ones go with which. AutoSave OF A2COAP AP... Chapter 2 Case Template_Fall 2021...

Hello, I have assessment.. Step 1 : Calculate the following ratios for the latest five years using the O-S Checklist Approach, an Excel template . For an overview of the approach, read our article,...

Hi I need some help completing a part of my final project. I have gathered all the necessary information but having trouble putting all together. I have included the finanacial statements that were...

lease answers below questions. Choose three (3) key aspects - including one 'negative or weakness' Highlight 2 major positives. Identify a major weakness if any. 2. (Executive Summary) Highlight...

Instructions: ONLY DO PROFITABILITY RATIOS - Nothing else. No need to worry about the graphs either. Just need the ratios worked out. Equations to use: CHOOSE 3 OUT OF 5 TO SOLVE FIRST COMPANY:...

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Assume that there are no corporate taxes (i.e. = 0). You may also assume that debt is riskless (i.e., D =0). All tables are provided. Please show steps. Question 1. Compute the a sset beta and cost...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

Recall that the level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) was obtained for each of 992 senior managers at CPA firms. The...

If it is the current through the body that determines how serious a shock will be, why do we see warnings of high voltage rather than high current near electrical equipment?

What inventory cost assumption does Ford Motor Company use? Why do you think that is ? Does it make sense? What other inventory issues does Ford disclose? Do you think the cost assumption matches the...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

3 In view of the need to make the organization meaner, leaner and to give employees more flexible contracts, how can a company like DEC balance the instrumental needs of shareholders interests with...

1 What could be some of the problems if DEC tried to implement autonomous work teams, as they did in Scotland, in countries whose culture is higher in power distance and in uncertainty avoidance?...

2 What aspects of management and organizational learning are transferable from Anglo-Saxon countries to other countries?