User Account

All Pages

What are the weighted average shares at december

Assignment Help Financial Accounting
Reference no: EM132482643

Point 1: The Spencer Company had 100,000 shares outstanding on January 1, 2016. On April 1, 2016 Spencer issued 80,000 shares. On July 1, 2016 Spencer issued a 10% dividend. On September 1 Spencer repurchased 18,000 shares of treasury stock. On December 31, 2016 Spenser declared a 2 to 1 stock split.

Required:

Question 1: What are the weighted average shares at December 31, 2016?

Inclusive Dates: 1/1-4/1

Transaction: 100,000 shares o/s

Accumulated share o/s: 100,000

Stock Dividend Restatement: 1.1

Stock Split Restatement: 2.0

Fraction of Year: 1/4

Weighted Shares: 55,000

Inclusive Dates: 4/1-7/1

Transaction: Issued 80,000 shares

Accumulated share o/s: 180,000

Stock Dividend Restatement: 1.1

Stock Split Restatement: 2.0

Fraction of Year: 1/4

Weighted Shares: 99,000

Inclusive Dates: 7/1 - 9/1

Transaction: 10% divided 18,000 shares

Accumulated share o/s: 198,000

Stock Dividend Restatement: 0

Stock Split Restatement: 2.0

Fraction of Year: 1/6

Weighted Shares: 66,000

Inclusive Dates: 9/1 - 12/31

Transaction: 18,000 Treasury shares

Accumulated share o/s: 180,000

Stock Dividend Restatement: 0

Stock Split Restatement: 2.0

Fraction of Year: 1/3

  • Weighted Shares: 120,000
  • Weight average share = 340,000
  • Stock dividend = 1/1 100,000 + 4/1 80,000 = 180,000 x 10% = 18,000 shares

Reference no: EM132482643

Questions Cloud

Contrast the short run non-neutrality of money : Compare and contrast the short run non-neutrality of money between classical view and new Keynesian view.
Describe why you decided to try and make the change : Include an introductory paragraph. Include a description of the health behavior you are trying to change and any related health issue that is related to that.
What will be the effect on current inflation and on output : Suppose the basic New Keynesian model. There is a decrease in the future marginal product of capital. Use graphs to answer the followings.
Discuss what we can do to decrease the obesity epidemic : What are your thoughts and opinions after watching this talk, and what stood out to you in this talk? Please discuss what we can do to decrease the obesity.
What are the weighted average shares at december : What are the weighted average shares at December 31, 2016? The Spencer Company had 100,000 shares outstanding on January 1, 2016.
What are the elements of the communication process : In Chapter One, we learned communication is the process of creating or sharing meaning in informal conversation, group interaction, or public speaking.
Economic advisers positive views : If you were a president would you be more interested in your economic advisers positive views or their normative views? Why?
Analyze your current communication skills repertoire : To get the most out of this course, the author suggests that you write personal goals to improve specific skills that you wish to better. Before you write.
Value of the nominal 1990 gdp in the 2010 dollars : While in 2010, the GDP deflator was 74 and real interest rate was 3.21%. What would be the value of the nominal 1990 GDP in the 2010 dollars?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Cost to be allocated to the building in accounting records

A company purchased property for $105,000. The property included a building, equipment and land. The building was appraised at $64,000, the land at $46,000, and the equipment at $19,000 for a total appraised value of $129,000. What is the amount of c..

  Ending inventory using the conventional retail method

Boyne Inc. had beginning inventory of $15,800 at cost and $28,600 at retail. Net purchases were $117,119 at cost and $178,900 at retail. Net markups were $10,400; net markdowns were $8,700; and sales revenue was $147,600.  Ending inventory using the ..

  What is the noncontrolling interests share

On January 1, 2012, Uncle Company purchased 80 percent of Nephew Company’s capital stock for $592,000 in cash and other assets. Nephew had a book value of $714,000 and the 20 percent noncontrolling interest fair value was $148,000 on that date. What ..

  Calculate required rate of return for each stock using capm

Calculate the expected rate of return for each stock using the Gordon growth model and calculate the required rate of return for each stock using the CAPM.

  Question 1 in 2006 gitta contributed property with a basis

question 1 in 2006 gitta contributed property with a basis of 500000 and a fair market value of 3000000 to a qualified

  Investing activities cash flows from financing activities

The following information was drawn from the records of Paso & Associates at December 31, 2012. Cash Flows From Operating Activities $ Cash Flows From Investing Activities Cash Flows From Financing Activities Net Change in Cash Ending Cash Balance $

  Compute the net incremental cost

Paxton Company can produce a component of its product- Compute the net incremental cost or savings of buying the component.

  What was the labor rate variance for the month

What was the labor rate variance for the month - what was the labor efficiency variance for the month?

  Show the example of a variable cost

Which of the following is an example of a variable cost and  Which one of the following statements best explains why companies want to distinguish between direct and indirect costs

  Prepare a classified balance sheet with a proper heading

Prepare a classified balance sheet with a proper heading on a spreadsheet. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets.

  Income statement including earnings-per-share data

Prepare an income statement, including earnings-per-share data, giving supporting computations. Caribou Inc. has 130,000 shares of common stock outstanding.

  Determine the inventory turnover and days in inventory

Determine the inventory turnover and days in inventory for 2011 and 2012. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.

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