Your Answer

Correct Answer $($Used$)$

Determine the weighted$-$average number of shares outstanding as of December $31,2026.$

The weighted$-$average number of shares outstanding

$($b$)$

$$ Your answer is correct.

Assume that Ivanhoe Corp. earned net income of $$8,601,000$ during $2026.$ In addition, it had $210,000$ shares of $9\%,$$$100$ par value nonconvertible, cumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in $2021.$ Compute earnings per share for $2021,$ using the weightedaverage number of shares determined in part $($a$).($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share

$

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Attempts: $3$ of $6$ used

$($c$)$

Assume the same facts as in part $($b$),$ except that the preferred stock was noncumulative. Compute earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Earnings per share

$

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On January $1,2026,$ Ivanhoe Corp. had $2,628,000$ shares of common stock issued and outstanding. During $2026,$ it had the following transactions that related to common stock.

Mar. $1$ Issued $228,000$ shares in exchange for land

Apr. $1$ Acquired $204,000$ shares of treasury stock

July $1$ Issued a $20\%$ stock dividend

Sept. $1$ Reissued $244,800$ shares of treasury stock

$($adjusted for $20\%$ stock dividend$)$

Oct. $1$ Issued a $2-$for$-1$ stock split

$($a$)$

$$ Correct Answer $($Used$)$

Determine the weighted$-$average number of shares outstanding as of December $31,2026.$

The weighted$-$average number of shares outstanding $$

$($b$)$

Your answer is correct.

Assume that Ivanhoe Corp. earned net income of $$8,601,000$ during $2026.$ In addition, it had $210,000$ shares of $9\%,$$$100$ par value nonconvertible, cumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in $2021.$ Compute earnings per share for $2021,$ using the weightedaverage number of shares determined in part $($a$).($Round answers to $2$ decimal places, eg$.2\mathrm{.}55.)$

Earnings per share $ $$

eTextbook and Media

Attempts: $3$ of $6$ used

$($c$)$

Assume the same facts as in part $($b$),$ except that the preferred stock was noncumulative. Compute earnings per share for $2026.($Round answer to $2$ decimal places, eg$.2\mathrm{.}55.)$

Earnings per share $

eTextbook and Media