Question: Hi, I've found two different answers for the question below, The first one is 83,632 shares and the second one is 72,333 shares. The first
Hi, I've found two different answers for the question below, The first one is 83,632 shares and the second one is 72,333 shares. The first one I don't know why the dividend is 800 and the second one seems missed the dividend, can anyone help?
The first link: https://www.chegg.com/homework-help/questions-and-answers/january-1-st-2021-bayshore-boats-inc-60-000-shares-common-stock-outstanding-march-1-st-cor-q109034935?trackid=6a78859604e9&strackid=c4fd23b5f2bb
The second link: https://www.chegg.com/homework-help/questions-and-answers/january-1st-2021-bayshore-boats-inc-60-000-shares-common-stock-outstanding-march-1st-corpo-q109083767?recommendationId=9ad7c80b-0d7d-4323-a9f7-86235f655393ionName=your%20recently%20viewedionId=4e41f2a2-c8a8-4a17-90b8-adad77ca5e8e
Question:
On January 1 st ,2021, Bayshore Boats, Inc. had 60,000 shares of common stock outstanding. On March 1 st the corporation issued 10,000 additional common shares to raise cash. On May 1 st , the corporation declared and issued a 8% stock dividend. On September 1 st , the corporation issued 12,000 shares of common stock. On December 31 st , the corporation issued a 2:1 stock split.
Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2021 . Show all your detailed computations in a well-organized schedule.
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