(d) Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $440,000 (net of tax). Compute earnings per share for 2026. (Round answers to 2 decimal places, e.g. 2.55.) Earnings per share $

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Chapter1: Financial Statements And Business Decisions
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I need answer for d) part only 

 

 

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On January 1, 2026, Wildhorse Corp. had 461,000 shares of common stock outstanding. During 2026, it had the following
transactions that affected the common stock account.
February 1
March 1
May 1
June 1
October 1
(a)
(b)
Issued 124,000 shares
Issued a 10% stock dividend
Acquired 104,000 shares of treasury stock
Issued a 3-for-1 stock split
Reissued 61,000 shares of treasury stock
Your answer is correct.
Determine the weighted-average number of shares outstanding as of December 31, 2026.
The weighted-average number of shares outstanding
eTextbook and Media
Your answer is correct.
Earnings per
Assume that Wildhorse Corp. earned net income of $3,325,000 during 2026. In addition, it had 104,000 shares of 10%, $100 par
nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the
company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average
number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.)
share
1703650
1.95
Attempts: 1 of 3 used
Transcribed Image Text:On January 1, 2026, Wildhorse Corp. had 461,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) (b) Issued 124,000 shares Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding eTextbook and Media Your answer is correct. Earnings per Assume that Wildhorse Corp. earned net income of $3,325,000 during 2026. In addition, it had 104,000 shares of 10%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) share 1703650 1.95 Attempts: 1 of 3 used
company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average
number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.)
(c)
Earnings per share
(d)
$
eTextbook and Media
Your answer is correct.
Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for
2026. (Round answer to 2 decimal places, e.g. 2.55.)
Earnings per share $
eTextbook and Media
1.95
Earnings per share $
Attempts: 1 of 3 used
1.34
Attempts: 1 of 3 used
Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $440,000 (net of tax).
Compute earnings per share for 2026. (Round answers to 2 decimal places, e.g. 2.55.)
Transcribed Image Text:company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) (c) Earnings per share (d) $ eTextbook and Media Your answer is correct. Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2026. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ eTextbook and Media 1.95 Earnings per share $ Attempts: 1 of 3 used 1.34 Attempts: 1 of 3 used Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $440,000 (net of tax). Compute earnings per share for 2026. (Round answers to 2 decimal places, e.g. 2.55.)
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