User Account

All Pages

Calculate the weighted average number of common shares

Assignment Help Accounting Basics
Reference no: EM132616931

Question - Wildhorse Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 11 million common shares. At no time has Wildhorse issued any potentially dilutive securities. The following is a summary of Wildhorse's common share activities:

Number of common shares issued and outstanding at December 31, 2018 6,350,000

Shares issued as a result of a 10% stock dividend on September 30, 2019 635,000

Shares issued for cash on March 31, 2020 2,920,000

Number of common shares issued and outstanding at December 31, 2020 9,905,000

Wildhorse issued its 2020 financial statements on February 28, 2021. A 2-for-1 stock split of Wildhorse's common shares occurred on March 31, 2021.

Required -

a. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2019 comparative income statement.

b. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2020 comparative income statement.

c. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2020 on the 2020 comparative income statement.

d. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2020 on the 2021 comparative income statement.

e. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2021 on the 2021 comparative income statement.

Reference no: EM132616931

Questions Cloud

Compute the amount of cash received for September : Cash sales are normally 20% of total sales and the remaining sales are on credit. Compute the amount of cash received for September
About the crime analyst : You are a crime analyst; you have a client who has a case involving a drug buy for a series of homes. how you would use them as a crime analyst.
How has change affected general financial statement uses : The SEC now requires filers to report financial statements using XBRL, How has this change affected general financial statement users
Behavior involves illegal behavior-unethical behavior : Determine whether the behavior involves an illegal behavior, unethical behavior, or both.
Calculate the weighted average number of common shares : Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2019 comparative income statement
Crime analysis requires establishing value out of data : Crime analysis requires establishing value out of data. Officer Johnson gives you a cell phone that was in possession of a burglary suspect.
Calculate diluted earnings per share for the year ended : Assume the bonds were issued in 2019. Assume that 8 of the 52 bonds were converted on July 1, 2020. Calculate diluted earnings per share for the year ended
Communication strategies for working with population : Describe communication strategies for working with the population within this department, including considerations for culture and gender.
Determine the number of shares : Determine for 2020 the number of shares to be used in calculating: 1. Basic earnings per share, 2. Diluted earnings per share

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd