On January 1, 2021, Oriole Corporation had 1,020,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 450,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. The weighted

On January 1, 2021, Oriole Corporation had 1,020,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 450,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. The weighted

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Oriole Corporation had 100,800 shares of stock outstanding on January 1, 2025. On May 1, 2025, Oriole issued 61,200 shares. On July 1, Oriole purchased 10,080 treasury shares, which were reissued on October 1. Compute Oriole's weighted-average number of shares outstanding for 2025. Weighted-average number of shares outstanding
Best Windows Ltd started operations on January 1, 2022. On this day, Best Windows issued common shares for 50,000. On April 30, Best Windows repurchased 10,000 of its common shares. On December 20, the company issued common shares for 70,000. Calculate the balance of common shares at the end of 2022.
CBA Corporation was incorporated on January 1, 2020. The following equity-related transactions occurred during 2020. Evaluate these activities and prepare a statement of stockholders' equity for the year ending December 31, 2020. Issued 4,000,000 shares of P1 par value common stock at P3 per share. Declared and issued a 5% stock dividend (200,000 shares) at a time when the market value of the stock was P6 per share. Reacquired 15,000 treasury shares at P5 per share. Declared and paid cash dividends of P100,000. Reported net income for the full year of P1,500,000. Paid-in Capital in Excess of Par Common Stock, P1 Total Stockholders' Par Retained Earnings Treasury Stock Equity Balance on January 1 Reacquired TS Declared & Paid dividend Stock dividend issued Net income Balance on December 31
3) ABC Corp. had 600,000 shares of common stock outstanding on January 1, issued 800,000 shares on July 1, and had income applicable to common stock of $2,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be?
At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 50,000 shares of stock at $22 per share. June 1 Issued a 15% stock dividend. July 1 Issued 11,000 shares of stock at $27 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 81,000 shares as treasury stock at a cost of $30 per share. Nov. 30 Reissued 56,000 treasury shares at a price of $33 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. shares2. Determine the number of common shares outstanding at December 31, 2019. shares
Alpesh
po In 2021, Logic Co. reported net income of $3,345,000. It also declared and paid $813,000 in dividends, $368,000 of which was to preferred stockholders. At the beginning of the year, the company reported common stock shares outstanding of 4,158,000. By the end of the year, their common stock shares outstanding had increased to 8,316,000. Based on this information, what will Logic Co. report as EPS for 2021? (AC 16) O $0.20 O $0.48 O $0.41 O $0.36
At January 1, 2023, Elan Corporation had 300,000 common shares outstanding (no preferred issued). On March 1, the corporation issued 45,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2 for 1 stock split. On October 1, the corporation purchased on the open market 180,000 of its own shares at $35 each and retired them. Instructions Calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2023. Increase (Decrease) Shares Outstanding Stock Split TPOTELTIDAIDAL Portion of Year Outstanding
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Baldwin Company had 51,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 31,000 shares of common stock. The company had outstanding fully vested incentive stock options for 21,000 shares exercisable at $12 that had not been exercised by its executives. The average market price of common stock for the year was $14. What number of shares of stock (rounded) should be used in computing diluted earnings per share?
Gleneagles Corporation earned net income of $70,000 during the year ended December 31, 2020. On December 15, Gleneagles had declared the annual cash dividend on its $0.50 preferred shares (10,000 shares issued for $100,000) and a $0.60 per share cash dividend on its common shares (25,000 shares for $50,000). Gleneagles then paid the dividends on January 4, 2021. Journalize the following for Gleneagles Corporation: a. Declaring the cash dividends on December 15, 2020 b. Paying the cash dividends on January 4, 2021 Did Retained Earnings increase or decrease during 2020? By how much?
In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February 2: Reacquired 71,000 shares at $12.10. March 17: Sold 21,000 shares at $14.05. May 17: Sold 26,000 shares at $8.05. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago.Required:Prepare the journal entries to record the above transactions, using the cost method.

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