INTERMEDIATE ACCOUNTING
3rd Edition
ISBN: 9780136946694
Author: GORDON
Publisher: RENT PEARS
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Chapter 20, Problem 20.3E
To determine
The weighted average number of common shares outstanding at the end of the year for basic and diluted earnings per share.
Giveninformation:
Common shares outstanding are 75,000.
Stock dividend at the beginning is 7%.
Incremental shares issued on April 1 are 18,000 shares.
Company purchases the
Implementation of 3-for-1 stock split on July 1.
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Conroe Excavation Consultants began the current year with 29,100 common shares outstanding. It issued additional shares of 16,200 and 18,900 on March 1 and September 1, respectively. The company also purchased 6,000 shares of treasury stock on October 1. The firm's year end is December 31. Based on
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Chapter 20 Solutions
INTERMEDIATE ACCOUNTING
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Earnings per share (EPS), basic and diluted; Author: Bionic Turtle;https://www.youtube.com/watch?v=i2IJTpvZmH4;License: Standard Youtube License