Nash SA uses a calendar year for financial reporting. The company is authorized to Issue 8,850,000 R$12 par ordinary shares. At no time has Nash issued any potentially dilutive securities. Listed below is a summary of Nash's ordinary share activities 1. 2 3. 4. a) Number of ordinary shares issued and outstanding at December 31, 2021 Shares issued as a result of a 12% share dividend on September 30, 2022 Shares issued for cash on March 31, 2023 Number of ordinary shares issued and outstanding at December 31, 2023 A2-for-1 share split of Nash's ordinary shares took place on March 31, 2024 2,000,000 249,600 2.060,000 4,389,600 Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2022 on the 2023 comparative income statement.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Nash SA uses a calendar year for financial reporting. The company is authorized to issue 8,850,000 R$12 par ordinary shares. At no
time has Nash issued any potentially dilutive securities. Listed below is a summary of Nash's ordinary share activities
1
2
3.
4.
(a)
Number of ordinary shares issued and outstanding at December 31, 2021
Shares issued as a result of a 12% share dividend on September 30, 2022
Shares issued for cash on March 31, 2023
Number of ordinary shares issued and outstanding at December 31, 2023
A 2-for-1 share split of Nash's ordinary shares took place on March 31, 2024
2,080,000
249,600
2,060,000
4,389,600
Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2022 on the 2023
comparative income statement.
shares
Transcribed Image Text:Nash SA uses a calendar year for financial reporting. The company is authorized to issue 8,850,000 R$12 par ordinary shares. At no time has Nash issued any potentially dilutive securities. Listed below is a summary of Nash's ordinary share activities 1 2 3. 4. (a) Number of ordinary shares issued and outstanding at December 31, 2021 Shares issued as a result of a 12% share dividend on September 30, 2022 Shares issued for cash on March 31, 2023 Number of ordinary shares issued and outstanding at December 31, 2023 A 2-for-1 share split of Nash's ordinary shares took place on March 31, 2024 2,080,000 249,600 2,060,000 4,389,600 Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2022 on the 2023 comparative income statement. shares
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Investments and Financial instruments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education