The following transactions related to the shares of Champion Corporation took place during the Number of...
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The following transactions related to the shares of Champion Corporation took place during the Number of common shares issued and outstanding at the beginning 2020 year: of the year: 1/1/2020 2/29/2020 6/30/2020 9/30/2020 The company sold additional common shares. Number of common shares sold: The company declared a common share dividend. Percentage of share dividend declared: The company repurchased and retired common shares. Number of common shares retired: 111,436 26,900 The corporation had profit of the following during the 2020 year: 15% 1,303 The corporation also had $4 cumulative preferred shares outstanding throughout the 2020 year. Number of preferred shares outstanding: 4,600 The corporation did not declare a cash dividend on any of the shares during the 2020 year due to cash flow constraints. $ 344,169 Required: 1. 2. Calculate the weighted average number of common shares outstanding for the 2020 year. Calculate earnings per share for the year ended December 31, 2020. The following transactions related to the shares of Champion Corporation took place during the Number of common shares issued and outstanding at the beginning 2020 year: of the year: 1/1/2020 2/29/2020 6/30/2020 9/30/2020 The company sold additional common shares. Number of common shares sold: The company declared a common share dividend. Percentage of share dividend declared: The company repurchased and retired common shares. Number of common shares retired: 111,436 26,900 The corporation had profit of the following during the 2020 year: 15% 1,303 The corporation also had $4 cumulative preferred shares outstanding throughout the 2020 year. Number of preferred shares outstanding: 4,600 The corporation did not declare a cash dividend on any of the shares during the 2020 year due to cash flow constraints. $ 344,169 Required: 1. 2. Calculate the weighted average number of common shares outstanding for the 2020 year. Calculate earnings per share for the year ended December 31, 2020.
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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