ABC Company had 100,000 ordinary shares issued and outstanding at January 1, 2020. During the current year, ABC also had the ordinary share transactions listed below: April 1 Issued 30,000 previously unissued shares May 1 Split the share 2 for 1 June 30 Purchased 10,000 shares for the treasury July 30 Distributed a 20% stock dividend Dec 30 Split the share 3 for 1 What is the weighted average number of shares that should be used for earning per share purposes? (round answer to a whole numbe
ABC Company had 100,000 ordinary shares issued and outstanding at January 1, 2020. During the current year, ABC also had the ordinary share transactions listed below: April 1 Issued 30,000 previously unissued shares May 1 Split the share 2 for 1 June 30 Purchased 10,000 shares for the treasury July 30 Distributed a 20% stock dividend Dec 30 Split the share 3 for 1 What is the weighted average number of shares that should be used for earning per share purposes? (round answer to a whole numbe
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 84PSB: Statement of Stockholders' Equity At the end of 2019, Stanley Utilities Inc. had the following...
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ABC Company had 100,000 ordinary shares issued and outstanding at January 1, 2020. During the current year, ABC also had the ordinary share transactions listed below:
April 1 Issued 30,000 previously unissued shares |
May 1 Split the share 2 for 1 |
June 30 Purchased 10,000 shares for the treasury |
July 30 Distributed a 20% stock dividend |
Dec 30 Split the share 3 for 1 |
What is the weighted average number of shares that should be used for earning per share purposes? (round answer to a whole number)
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