On 1/1/2019 Jawed corporation had 10,000 of ordinary shares (C.S) outstanding. During 2019, it had the following
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Question:
On 1/1/2019 Jawed corporation had 10,000 of ordinary shares (C.S) outstanding. During 2019, it had the following transactions that affected the ordinary shares account:
March 15: | Issued 30,000 Shares. |
June 1: | Issued a 20% stock dividend. |
July 1: | Acquired 5,000 share of treasury stock. |
September 1: | Issued a 10-for-1 stock split. |
December 1: | Reissued 4,000 shares of treasury stock. |
Instructions:
- Determine the weighted-average number of shares outstanding as of December 31, 2019.
- Assume the net income of the company is $100,000 and the preferred dividends $30,000. Compute EPS.
- If the company on November 1 transferred $100,000 Bonds to 5,000 ordinary shares:
What would be the total shares at that date only?
Define this type of bonds and clarify its impact on the earning per share?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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