User Account

All Pages

Determine the number of common shares outstanding

Assignment Help Accounting Basics
Reference no: EM132889715

Problem - Weighted Average Shares At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

Mar. 1 Issued 45,000 shares of stock at $22 per share

June 1 Issued a 15% stock dividend.

July 1 Issued 10,000 shares of stock at $27 per share.

Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.

Oct. 31 Reacquired 95,000 shares as treasury stock at a cost of $30 per share.

Nov. 30 Reissued 45,000 treasury shares at a price of $33 per share.

Required - Determine the following:

1. weighted average number of shares outstanding for computing the current earnings per share

2. number of common shares outstanding at December 31, 2019.

Reference no: EM132889715

Questions Cloud

Suppose firm uses sugar in product that you purchase : Suppose a firm uses sugar in a product that you purchase. The firm vertically integrates by purchasing sugar farms that produce the sugar organically
How much to consume for a healthy diet : How much to consume for a healthy diet? Food labels are a primary source of information for consumers trying to make a healthy diet.
What the weighted average number of shares outstanding : What the weighted average number of shares outstanding for computing the current earnings per share
Explain fertilization process from cellular level to fetus : After learning about fertilization process, and according to nature and objectively, and scientifically speaking, when does human life begin? Why?
Determine the number of common shares outstanding : Hardin Company had 220,000 shares of $10 par common stock outstanding. Determine the number of common shares outstanding
Identify related health risk for particular group or patient : You will address a global health issue of your choice and identify related health risks for a particular group or patient. Include statistics for your choice
What governmental policies and regulations : What governmental policies and regulations could enhance the prosperity derived from ports and their operations?
Compile a strategy recommendation to the hr director : You've been told that the HR Director is pleased with the work you've completed for the organization and would like to take your contribution to the next level.
Compute the return on shareholders equity : Reacquired 200 of its own common shares as treasury stock for $15 per share. Compute the return on shareholders' equity for 2019

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