I need answer for d) part only please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) On January 1, 2026, Wildhorse Corp. had 461,000 shares of common stock outstanding. During 2026, it had the followingtransactions that affected the common stock account.February 1March 1May 1June 1October 1(a)(b)Issued 124,000 sharesIssued a 10% stock dividendAcquired 104,000 shares of treasury stockIssued a 3-for-1 stock splitReissued 61,000 shares of treasury stockYour answer is correct.Determine the weighted-average number of shares outstanding as of December 31, 2026.The weighted-average number of shares outstandingeTextbook and MediaYour answer is correct.Earnings perAssume that Wildhorse Corp. earned net income of $3,325,000 during 2026. In addition, it had 104,000 shares of 10%, $100 parnonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-averagenumber of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.)share17036501.95Attempts: 1 of 3 used company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-averagenumber of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.)(c)Earnings per share(d)$eTextbook and MediaYour answer is correct.Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for2026. (Round answer to 2 decimal places, e.g. 2.55.)Earnings per share $eTextbook and Media1.95Earnings per share $Attempts: 1 of 3 used1.34Attempts: 1 of 3 usedAssume 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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Description: I need answer for d) part only please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) On Janua

In accounting, discontinued operations refer to parts of a company’s core business or product line…

Business

Accounting

(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 $

(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 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

I need answer for d) part only

please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Please provide answer in text (Without image)

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.)

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