Stang Ltd, which presents comparative 2011 and 2012 income statements, issued a 2-for-1 stock split onDecember 31, 2012, increasing the number of common shares from 5 000 to 10 000.Assuming no additional shares of share were issued in 2011 or 2012, the weighted average shares of ordinaryshares used in calculating EPS for the financial statements on December 31, 2011, would beSelect one:Oa. 10 000 shares for 2011, and 10 000 shares for 2012Ob. 10 000 shares for 2011, and 20 000 shares for 2012O c. 5 000 shares for 2011, and 10 000 shares for 2012O d. 5 000 shares for 2011, and 5 000 shares for 2012

As per IAS 33 when there is a share split the entity needs to change the weighted average number of…

Answered: Stang Ltd, which presents comparative…

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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During May, 2016, Nevling Outdoor Corporation announced a 3-for-1 forward stock split. This brought the number of shares outstanding from 25,792,000 shares to shares, and its $1.80 par value to per share. A) 8,897,334; $0.60 B) 77,376,000; $0.60 C) 8,597,334; $5.40 D) 77,376,000; $5.40
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Data Controls Corporation had 250,000 shares of common stock outstanding at the end of 2017. During 2018, the following transaction took place: March 1 Issued 24,000 shares June 1 3 for 1 stock split August 1 Issued 60,000 shares September 1 Issued a 20 percent stock dividend October 1 Issued 16,000 shares November 1 Purchased 15,000 shares to be held as a treasury stock December 1 Reissued 5,000 of the shares held in treasury Required: You may use the Data COntrol Corp. has a simple capital structure. Compute the Weighted average of shares outstanding to be used in the earnings per share computations for 2018 and the number of outstanding shares on December 31, 2018. Answer must include: a table with Event/ Average Data shares, # of shares, Stock split, stock dividends, pd. of time, weighted No. of
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