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Current Attempt In Progress mungo inc. uses a calendar year for financial reporting. The company is authorized to issue 8.810,000 shares of $12 par common stock. At ho timehas Indigo issued any potentially dilutive securities Listed below is a summary of Indigo's common stock activities. 1. Number of common shares issued and outstanding at December 31. 2018 1,850,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 222,000 3. Shares issued for cash on March 31, 2020 2,180,000 Number of common shares isued and outstanding at December 31, 2020 4.252,000 4. A 2-for-1 stock split of Indigo's common stock took place on March 31, 2021 (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares

Current Attempt In Progress mungo inc. uses a calendar year for financial reporting. The company is authorized to issue 8.810,000 shares of $12 par common stock. At ho timehas Indigo issued any potentially dilutive securities Listed below is a summary of Indigo's common stock activities. 1. Number of common shares issued and outstanding at December 31. 2018 1,850,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 222,000 3. Shares issued for cash on March 31, 2020 2,180,000 Number of common shares isued and outstanding at December 31, 2020 4.252,000 4. A 2-for-1 stock split of Indigo's common stock took place on March 31, 2021 (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 4SEA: STOCK DIVIDENDS Kaufman Company currently has 200,000 shares of 1 par common stock outstanding. On...
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/6.15 View Policies Go Back Current Attempt in Progress mungo inc. uses a calendar year for financial reporting. The company is authorized to issue 8.810,000 shares of $12 par common stock. ALIO timehas Indigo issued any potentially dilutive securities, Listed below is a surmmary of Indigo's common stock activities. 1. Number of common shares issued and outstanding at December 31. 2018 1,850,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 222,000 Shares issued for cash on March 31, 2020 2,180,000 3. Number of common shares isued and outstanding at December 31, 2020 4,252,000 4. A 2-for-1 stock split of Indigo's common stock took place on March 31, 2021 (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares eTextbook and Media Attempts: 0 of 2 used Submit Awer Save for Later
Transcribed Image Text:/6.15 View Policies Go Back Current Attempt in Progress mungo inc. uses a calendar year for financial reporting. The company is authorized to issue 8.810,000 shares of $12 par common stock. ALIO timehas Indigo issued any potentially dilutive securities, Listed below is a surmmary of Indigo's common stock activities. 1. Number of common shares issued and outstanding at December 31. 2018 1,850,000 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 222,000 Shares issued for cash on March 31, 2020 2,180,000 3. Number of common shares isued and outstanding at December 31, 2020 4,252,000 4. A 2-for-1 stock split of Indigo's common stock took place on March 31, 2021 (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares eTextbook and Media Attempts: 0 of 2 used Submit Awer Save for Later
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