Metlock Inc. uses a calendar year for financial reporting. The company is authorized to issue 8.480.000...
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Metlock Inc. uses a calendar year for financial reporting. The company is authorized to issue 8.480.000 shares of $10 par common stock. At no time has Metlock issued any potentially dilutive securities. Listed below is a summary of Metlock's common stock activities. 2 3 Number of common shares issued and outstanding at December 31, 2023 Shares issued as a result of a 10% stock dividend on September 30, 2024 Shares issued for cash on March 31, 2025 2.130,000 213,000 2.130.000 Number of common shares issued and outstanding at December 31.2025 4,473,000 A 2-for-1 stock split of Metlock's common stock took place on March 31, 2026 (a) Your answer is correct Compute the weighted average number of common shares used in computing earnings per common share for 2024 un the 2025 comparative income statement. Metlock Inc. uses a calendar year for financial reporting. The company is authorized to issue 8.480.000 shares of $10 par common stock. At no time has Metlock issued any potentially dilutive securities. Listed below is a summary of Metlock's common stock activities. 2 3 Number of common shares issued and outstanding at December 31, 2023 Shares issued as a result of a 10% stock dividend on September 30, 2024 Shares issued for cash on March 31, 2025 2.130,000 213,000 2.130.000 Number of common shares issued and outstanding at December 31.2025 4,473,000 A 2-for-1 stock split of Metlock's common stock took place on March 31, 2026 (a) Your answer is correct Compute the weighted average number of common shares used in computing earnings per common share for 2024 un the 2025 comparative income statement.
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