Current Attempt in ProgressOn January 1, 2025, Crane Corporation had 371000 shares of its $2 par value common stock outstanding. On March 1, Crane sold anadditional 750000 shares on the open market at $20 per share. Crane issued a 20% stock dividend on May 1. On August 1, Cranepurchased 422000 shares and immediately retired the stock. On November 1, 610000 shares were sold for $25 per share. What is theweighted average number of shares outstanding for 2025?O 1533200O 706251O 502918O 1121033

The stock dividend increases the number of shares issued and outstanding. The treasury stock…

Answered: Current Attempt in Progress On January…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress Sandhill Inc. had 978000 shares of common stock issued and outstanding at December 31, 2024. On July 1, 2025, an additional 978000 shares were issued for cash. Sandhill also had stock options outstanding at the beginning and end of 2025 which allow the holders to purchase 307000 shares of common stock at $28 per share. The average market price of Sandhill's common stock was $35 during 2025. The number of shares to be used in computing diluted earnings per share for 2025 is 2017400. 1528400 O 1712600. O2201600.
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On January 1, 2021, Novak Corp. had 479,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 117,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Part 1 Incorrect answer icon Your answer is incorrect. Determine the weighted-average number of shares outstanding as of December 31, 2021.Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $ 426,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Novak Corp.Income Statementchoose the accounting period select an opening name for this statement $ enter a dollar amount per share rounded to 2 decimal places select an income…
Current Attempt in Progress Your answer is incorrect. At January 1, 2020, Larkspur Company's outstanding shares included the following. 258,000 shares of $50 par value, 7% cumulative preferred stock 812,000 shares of $1 par value common stock Net income for 2020 was $2,521,000. No cash dividends were declared or paid during 2020. On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020. On April 1, 2020, 408,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 106,000 shares of common stock were purchased for $20 per share and held as treasury stock. Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
On January 1, 2021, Pina Corporation had 119000 shares of its $0.001 par value common stock outstanding. On November 27, when the market price of the stock was $9, the corporation declared a 10% stock dividend to be issued to stockholders of record on December 28, 2021. What was the impact of the 10% stock dividend on the balance of the retained earnings account? $11900 decrease O $107100 decrease No effect ○ $95200 decrease
On October 1, 2021 Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5 par common stock outstanding. Te of Chief Corporation on the date of desiaration was $10 per share. As a result of this dividend, Chief's retained earnings will
On January 1, 2025, Wildhorse Corporation had 380000 shares of its $2 par value common stock outstanding. On March 1, Wildhorse sold an additional 760000 shares on the open market at $20 per share. Wildhorse issued a 20% stock dividend on May 1. On August 1, Wildhorse purchased 422000 shares and immediately retired the stock. On November 1, 603000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2025? O 517620 O 1140667 O 718620 O 1549000
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On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value outstanding. On March 1, XYZ sold an additional 500,000 shares on the open market at P20 per share. XYZ issued a 20% share dividend on May 1. On August 1, XYz purchased 280,000 shares and immediately retired the shares. On November 1, 400,000 shares were sold for P25 per share. What is the weighted-average number of shares outstanding for 2020?
Current Attempt in Progress Bonita Ltd. began its latest fiscal year on January 1, 2023, with 10,000 common shares outstanding. On April 1, Bonita sold 3,300 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Bonita repurchased and cancelled 200 common shares. An additional 3,750 common shares were issued on September 1. On November 1, Bonita declared and issued a 2-for-one stock split. On December 1, Bonita issued an additional 120 shares. Following the fiscal year, Bonita declared and issued a 3-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on March 10, 2024. Calculate the weighted average number of common shares that Bonita should use for calculating its EPS numbers for 2023. Weighted average number of common shares shares
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