4 minutes Gross Company has 300,000 common shares outstanding on 1/1/21. During 2021, Grossundertook the following stock transactions: April 1 issued a 20% stock dividend, October 1reacquired 10,000 shares for the treasury. Determine the weighted-average number of commonshares outstanding for Gross Company.O 357,500.O 350,000.360,000.362,500.

Starting with the beginning shares of 300,000, we add the additional shares from the stock dividend…

Answered: ross Company has 300,000 c he following…

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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What's transaction can increase the amount of treasury stock in which shown in Shareholders' Equity in Balance sheet ( in this picture is $-8,131) ,for example, retirement of treasury stock The picture attached is not the question, it's just illustrated supplementary of this question.
Hh1.
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оттоn E11-2 Sagan Co. had these transactions during the current period. k and ck. Issued 80,000 shares of $1 par value common stock for cash of $300,000. June 12 July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $9,000. Instructions eg-on lo ade 000,06 bel noogio Prepare the journal entries for the Sagan Co. transactions. F412 Denland Cornontion is authorized to issue both preferred and common stock. The horno Jou
Wonder Ltd. has treasury stock transactions in 20X9 as follows: a. Feb. 27 Purchased 140,000 common shares as treasury stock at $6.50 per share. b. March 15 Purchased 64,000 common shares as treasury stock for $5.50 per share. c. April 30 Reissued 100,000 shares of treasury stock for $4.25 per share. d. May 16 Purchased 54,000 common shares as treasury stock for $6.05 per share. e. Nov. 26 Reissued 268,000 shares of treasury stock for $4 per share. At the end of 20X8, Wonder Limited had reported the following in shareholders’ equity: Common shares, no-par value; authorized, unlimited shares; issued, 5,800,000 shares, outstanding, 5,500,000 shares $ 21,117,000 Contributed capital on treasury stock transactions 133,600 Retained earnings 14,840,000 Treasury stock, 300,000 common shares (1,260,000) Required:1. Prepare…
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ross Company has 300,000 c he following stock transaction 0,000 shares for the treasury