Question: Use the information selected from Attractive Ideas Co. which established at 1/1/2017, by issued 180000 ordinary shares at $ 3 par value per share At

Use the information selected from Attractive Ideas Co. which established at 1/1/2017, by issued 180000 ordinary shares at $ 3 par value per share At 1/3/2018. Issued new 20000 ordinary shares. At 1/10/2018, Split ordinary shares by 1 to 3. Net income for 2018 is 50150 dollars. Dividends for 2018 is 20150 dollars. No preferred shares. Net income for 2017 is 90000 dollars. No dividends were distributed in 2017. Required: answer the following four questions (1-4): 1. Number of outstanding ordinary shares at 31/12/2018. Is: 590000 2. Weighted average of outstanding ordinary shares at 31/12/2018 Is 3. Earnings per share for 2018 is: 4. Earnings per share for 2017 in financial statement 2018, is shares. sharesUse the information selected from Attractive Ideas Co. which established at 1/1/2017,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!