User Account

All Pages

Compute the weighted-average number of common shares

Assignment Help Accounting Basics
Reference no: EM132494088

Question - Pink Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,370,000 shares of $12 par common stock. At no time has Pink Incissued any potentially dilutive securities. Listed below is a summary of Pink Inc common stock activities.

1. Number of common shares issued and outstanding at December 31, 2015 1,990,000

2. Shares issued as a result of a 12% stock dividend on September 30, 2016 238,800

3. Shares issued for cash on March 31, 2017 2,000,000

Number of common shares issued and outstanding at December 31, 2017 4,228,800

4. A 2-for-1 stock split of Pink common stock took place on March 31, 2018

Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement.

Reference no: EM132494088

Questions Cloud

Weighted graph g with both positive and negative edges : Suppose that you are given a directed, weighted graph G with both positive and negative edges. However, all of the negative edges are leaving the source vertex
Compare abc company to industry and leaders in industry : Compare ABC Company to the industry and leaders in the industry. Assume That ABC Company is a small specialty retail store.
Optimistic approach and a pessimistic approach : What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?
How should you handle this situation : You work as an administrative assistant for Ivan Petrov, director of marketing, for whom you often make travel arrangements. Company policy states
Compute the weighted-average number of common shares : Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement
Sql statements for creating tables for employee : Write the SQL statements for creating the tables for the Employee Projects Database. Save these statements in a script
Prepare the journal entries at june : Prepare the journal entries at the following dates: June 30, 2017; December 31, 2017; and June 30, 2018. Use the effective-interest method.
What are the equivalent units of production : Using the weighted average method, what are the equivalent units of production for the month of April 2013
What is the abbreviation for four times a day : Is there a reason for the newly reddened area on his left arm? What does q.d. mean and What is the abbreviation for four times a day

Reviews

Write a Review

Accounting Basics Questions & Answers

  As copyrights expire and decrease in their usefulness the

as copyrights expire and decrease in their usefulness the cost of this asset is systematically allocated to expense

  What is nanometrics required return

If the market return is expected to be 11.35 percent and the risk-free rate is 4.10 percent, what is Nanometrics' required return

  Calculate the minimum price per chair that the company

bob johnson inc. sells a lounging chair for 25 per unit. it incurs the following costs for the product direct materials

  Discuss the validity and implications of statement

When questioned by the auditors, the CFO of ABC Inc. mentioned, "An asset is just an expense waiting to happen." Discuss the validity and implications of this statement.

  How celecoxib mechanistically and pharmacologically differ

How does celecoxib mechanistically and pharmacologically differ from naproxen and what might you do prior to starting celecoxib and why

  Calculate the target cost per unit

Target Costing. Baker Plumbing Fixtures is developing a preplumbed acrylic shower unit. The team developing the product includes representatives from marketing, engineering, and cost accounting.

  Discuss whether bobs proposal is appropriate

Solar Industries develops and produces high-efficiency solar panels. The company has an outstanding

  Question on performance measures

Using information from the latest financial statement, compute operating leverage, ROI, EVA and another performance measure for SIRI (SiriusXM)

  What particular elements of each organization culture

What particular elements of each organization's culture, processes, and management systems and styles work well to support innovation

  An employer provides all of his employees with group term

an employer provides all of his employees with group term life insurance protection. if melba an employee would

  Compute the net income realized on this operation to date

At the end of the fiscal year Riverbed Realty Corporation instructs you to arrive at the net income realized on this operation to date

  The actual variable overhead cost was 6688 the company

mazzo corporation makes a product with the following standards for direct labor and variable overhead

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