How does the Weighted average common stock get filled out and is this a multiple statement income?
Question:
How does the Weighted average common stock get filled out and is this a multiple statement income?
(Transactions)
December 4: Bought back 18,000 shares of stock for $13 per share.
December 5: Issued 10,000 shares of restricted stock to its CFO. The stock has a fair value of $160,000. The service period related to this restricted stock is 6 years. Vesting occurs if the CFO stays with the company for 6 years. The par value of the stock is $1.
December 12: Issued 50,000 shares of common stock at $17.50 per share.
December 21: Sold 12,500 shares of Treasury Stock for $15 per share.
(adjustments)
- Declared dividends of $350,000 on December 31.
(additional information)
1. Issued 35,000 shares of common stock, $1 par, for $700,000 on June 30, 2021.
2. Some equipment was sold (original cost $10,000, book value $3,000) for $6,500 !
3. All amortization and depreciation is recorded once a year on December 31.
4. Market price per share of stock at 12/31/2021 was $18.75.
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin