ation is available for YZ Corporation: January 1,2019 Shares outstanding 1,250,000 April 1,2019 Shares issued 200,000 July 1, 2019 Treasury shares purchased 75,000 October 1, 2019 Shares issued in a 100% stock dividend 1,375,000 The number of shares to be used in computing earnings per ordinary share for 2019 is 2,737,500 1,706,250

ation is available for YZ Corporation: January 1,2019 Shares outstanding 1,250,000 April 1,2019 Shares issued 200,000 July 1, 2019 Treasury shares purchased 75,000 October 1, 2019 Shares issued in a 100% stock dividend 1,375,000 The number of shares to be used in computing earnings per ordinary share for 2019 is 2,737,500 1,706,250

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 18P

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Comprehensive The shareholders equity section of Superior Corporations balance sheet as of December 31, 2018, is as follows: The following events occurred during 2019: Required: 1. Prepare journal entries for each of the above transactions. 2. Calculate the number of authorized, issued, and outstanding common shares as of December 31, 2019. 3. Calculate Superior's legal capital at December 31, 2019.
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Calculating the Number of Shares Issued Castanet Inc. issued shares of its $1. 50 par value common stock on November 9,2019, for $13 per share. In recording the issuance of the stock, Castanet credited the Additional Paid-In Capital- Common Stock account for $416,300. Required: How many shares were issued on November 9, 2019?
Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
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