FINANCIAL + MANAG. ACCT. (LL) W/CONNECT
9th Edition
ISBN: 9781264699841
Author: Wild
Publisher: MCG
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Chapter 5, Problem 10QS
A Periodic: Inventory costing with weighted average P3
Refer to the information QS-4 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs and inventory amounts to cents.)
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Provide correct option general accounting question
On January 1, 2023, Pharoah Ltd. had 702,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account:
Feb. 1
Issued 160,000 shares
Mar. 1
Issued a 10% stock dividend
May 1
Acquired 181,000 common shares and retired them
June 1
Issued a 3-for-1 stock split
Oct. 1
Issued 78,000 shares
♡
The company's year end is December 31Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, eg. 5,275.)
Weighted average number of shares outstanding
Chapter 5 Solutions
FINANCIAL + MANAG. ACCT. (LL) W/CONNECT
Ch. 5 - Prob. 1QSCh. 5 - Prob. 2QSCh. 5 - Prob. 3QSCh. 5 - Prob. 4QSCh. 5 - Perpetual: Inventory costing with FIFO P1 A...Ch. 5 - Prob. 6QSCh. 5 - Prob. 7QSCh. 5 - Prob. 8QSCh. 5 - Prob. 9QSCh. 5 - A Periodic: Inventory costing with weighted...
Ch. 5 - Prob. 11QSCh. 5 - Prob. 12QSCh. 5 - Perpetual: Inventory costing with weighted average...Ch. 5 - Prob. 14QSCh. 5 - Prob. 15QSCh. 5 - Prob. 16QSCh. 5 - Prob. 17QSCh. 5 - Prob. 18QSCh. 5 - Prob. 19QSCh. 5 - Prob. 20QSCh. 5 - Prob. 21QSCh. 5 - Prob. 22QSCh. 5 - Prob. 23QSCh. 5 - Prob. 24QSCh. 5 - Prob. 25QSCh. 5 - Prob. 26QSCh. 5 - Prob. 1ECh. 5 - Prob. 2ECh. 5 - Exercise 5-3 Perpetual: Inventory costing methods...Ch. 5 - Prob. 4ECh. 5 - Prob. 5ECh. 5 - Prob. 6ECh. 5 - Prob. 7ECh. 5 - Prob. 8ECh. 5 - Prob. 9ECh. 5 - Prob. 10ECh. 5 - Prob. 11ECh. 5 - Prob. 12ECh. 5 - Prob. 13ECh. 5 - Prob. 14ECh. 5 - Prob. 15ECh. 5 - Prob. 16ECh. 5 - Prob. 17ECh. 5 - Prob. 18ECh. 5 - Prob. 19ECh. 5 - Prob. 20ECh. 5 - Prob. 21ECh. 5 - Prob. 1PSACh. 5 - Prob. 2PSACh. 5 - Prob. 3PSACh. 5 - Problem 5-4AA Periodic: Alternative cost flows...Ch. 5 - Prob. 5PSACh. 5 - Prob. 6PSACh. 5 - Prob. 7PSACh. 5 - Prob. 8PSACh. 5 - Prob. 9PSACh. 5 - Prob. 10PSACh. 5 - Prob. 1PSBCh. 5 - Prob. 2PSBCh. 5 - Prob. 3PSBCh. 5 - Prob. 4PSBCh. 5 - Prob. 5PSBCh. 5 - Prob. 6PSBCh. 5 - Prob. 7PSBCh. 5 - Problem 5-8BA Periodic: Income comparisons and...Ch. 5 - Prob. 9PSBCh. 5 - Prob. 10PSBCh. 5 - Prob. 5SPCh. 5 - Prob. 1.1AACh. 5 - Prob. 1.2AACh. 5 - Prob. 1.3AACh. 5 - Prob. 1.4AACh. 5 - Prob. 2.1AACh. 5 - Prob. 2.2AACh. 5 - Prob. 2.3AACh. 5 - Prob. 3.1AACh. 5 - Prob. 3.2AACh. 5 - Prob. 3.3AACh. 5 - Describe how costs flow inventory to cost of goods...Ch. 5 - Where is the amount of merchandise inventory...Ch. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - What factors contribute to (or cause) inventory...Ch. 5 - Prob. 8DQCh. 5 - Prob. 1BTNCh. 5 - Prob. 2BTNCh. 5 - Prob. 3BTNCh. 5 - Prob. 5BTN
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- Don't use ai given answer accounting questionsarrow_forwardNeed help with this question solution general accountingarrow_forwardOn January 1, 2023, Pharoah Ltd. had 702,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 160,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 181,000 common shares and retired them June 1 Issued a 3-for-1 stock split Oct. 1 Issued 78,000 shares ♡ The company's year end is December 31Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, eg. 5,275.) Weighted average number of shares outstandingarrow_forward
- On January 1, 2023, Pharoah Ltd. had 702,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Issued 160,000 shares Mar. 1 Issued a 10% stock dividend May 1 Acquired 181,000 common shares and retired them June 1 Issued a 3-for-1 stock split Oct. 1 Issued 78,000 shares ♡ The company's year end is December 31 Assume that Pharoah earned net income of $3,441,340 during 2023. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2023. Calculate earnings per share for 2023, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per sharearrow_forwardI want to correct answer general accounting questionarrow_forwardHi expert please give me answer general accounting questionarrow_forward
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