Question: Help Save & Exit: Subveit Check my work Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group

 Help Save & Exit: Subveit Check my work Except for theearnings per share statistics, the 2019, 2020, and 2021 income statements forAce Group inc. were originally presented as follows: Required: 1. Calculate the

Help Save & Exit: Subveit Check my work Except for the earnings per share statistics, the 2019, 2020, and 2021 income statements for Ace Group inc. were originally presented as follows: Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.) 2019 2020 2021 Sales es Costs and expenses Profit from continuing operations Gain (loss) on discontinued operations Profit (loss) $ 474,855 $ 695,040 $1,006.900 161,420 242,500 327,570 $ 313,435 $ 452,540 $ 679,330 (158,191) 82.410 (109,325) $ 155.244 $ 534,950 $ 570.005 Information on Common Shares for Ace Group Inc. Shares outstanding on December 31, 2018 32,800 Purchase and retirement of shares on March 1, 2019 3,680 Sale of shares on June 1, 2019 + 14,080 eBook Share dividend of 5% on August 1, 2019 + Print Shares outstanding on December 31, 2019 Sale of shares on February 1, 2020 References 10 points Purchase and retirement of shares on July 1, 2020 Shares outstanding on December 31, 2020 Sale of shares on March 1, 2021 Purchase and retirement of shares on September 1, 20211 Share split of 3:1 on October 1, 2021 Shares outstanding on December 31, 2021 + 6,560 1,840 18,160) +1+ 4,800 Check m 0 3 oints eBook Print References Check my work 2. Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.) 2019 2020 2021 Weighted-average outstanding shares 3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) 2019 2020 2021 Profit from continuing operations Gain (Loss) from discontinued operations $ 0.00 $ 0.00 $ 0.00 Next >

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!