Maple Corporation's accounting year ends on 31 December. During the three most recent years, its common...

Transcribed Image Text:

Maple Corporation's accounting year ends on 31 December. During the three most recent years, its common shares outstanding changed as follows: 2020 2019 2018 Shares outstanding, 1 January 150,000 120,000 100,000 Shares sold, 1 April 2018 20,000 25% stock dividend, 1 July 2019 30,000 2-for-1 stock split, 1 July 2020 150,000 Shares sold, 1 October 2020 50,000 Shares outstanding, 31 December 350,000 150,000 120,000 Net earnings and comprehensive income $375,000 $330,000 $299,000 Required: 1. For purposes of calculating EPS at the end of each year, for each year independently, determine the weighted-average number of common shares outstanding. 1. For purposes of calculating EPS at the end of each year, for each year independently, determine the weighted-average number of common shares outstanding. Year Weighted Average Number of common shares Outstanding 2018 2019 2020 Maple Corporation's accounting year ends on 31 December. During the three most recent years, its common shares outstanding changed as follows: 2020 2019 2018 Shares outstanding, 1 January 150,000 120,000 100,000 Shares sold, 1 April 2018 20,000 25% stock dividend, 1 July 2019 30,000 2-for-1 stock split, 1 July 2020 150,000 Shares sold, 1 October 2020 50,000 Shares outstanding, 31 December 350,000 150,000 120,000 Net earnings and comprehensive income $375,000 $330,000 $299,000 Required: 1. For purposes of calculating EPS at the end of each year, for each year independently, determine the weighted-average number of common shares outstanding. 1. For purposes of calculating EPS at the end of each year, for each year independently, determine the weighted-average number of common shares outstanding. Year Weighted Average Number of common shares Outstanding 2018 2019 2020

Answer rating: 100% (QA)

1 Weighted average number of common shares outstanding for each year 2018 Shares outs... View the full answer