A portion of the combined statement of income and retained earnings of Crane Ltd. for the current year ended December 31, 2023,follows:Income before discontinued operationsLoss from discontinued operations, net of applicable income tax (Note 1)Net incomeRetained earnings at beginning of yearDividends declared:On preferred shares, $6.00 per shareOn common shares, $1.1 per shareyearRetained earnings at end of4$540,0002,310,000$6,678,000792,0005,886,00023,220,00029.106,0002,850,000$26,256,000Note 1. During the year, Crane suffered a loss from discontinued operations of $792,000 after the applicable income tax reduction of$198,000.At the end of 2023, Crane has outstanding 2.10 million common shares and 90,000 preferred shares.On April 1, 2023, Crane issued 1.20 million common shares for $6 per share to help finance the loss. Determine the weighted average number of shares outstanding as at December 31, 2023.Weighted average number of shares outstanding3000000

Weighted Average Shares is the average of the shares outstanding for the entire period. Weight is…

Answered: Determine the weighted average number…

Cornerstones of Financial Accounting

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Chapter10: Stockholder's Equity

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Problem 42BE: Calculating the Number of Shares Issued Castanet Inc. issued shares of its $1. 50 par value common...

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Anoka Company reported the following selected items in the shareholders equity section of its balance sheet on December 31, 2019, and 2020: In addition, it listed the following selected pretax items as a December 31, 2019 and 2020: The preferred shares were outstanding during all of 2019 and 2020; annual dividends were declared and paid in each year. During 2019, 2,000 common shares were sold for cash on October 4. During 2020, a 20% stock dividend was declared and issued in early May. At the end of 2019 and 2020, the common stock was selling for 25.75 and 32.20, respectively. The company is subject to a 30% income tax rate. Required: 1. Prepare the comparative 2019 and 2020 income statements (multiple-step), and the related note that would appear in Anokas 2020 annual report. 2. Next Level Compute the price/earnings ratio for 2020. How does this compare to 2019? Why is it different?
Calculating the Number of Shares Issued Castanet Inc. issued shares of its $1. 50 par value common stock on November 9,2019, for $13 per share. In recording the issuance of the stock, Castanet credited the Additional Paid-In Capital- Common Stock account for $416,300. Required: How many shares were issued on November 9, 2019?
Determine the weighted-average number of shares outstanding as of December31,2026
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Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021$4900 Net income for the year ended 202197900Market price of stock, 12/31/208 Market price of stock, 12/31/2110 Common stockholders’ equity, 12/31/20999000 Common stockholders’ equity, 12/31/211196000 Outstanding shares, 12/31/21100900 Preferred dividends for the year ended 202114300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%
Walker Ltd. had the following share transactions in 2021: Event Shares Opening balance, common shares, January 1, 2021 120,000 Common shares issued, March 1, 2021 60,000 Preferred shares issued, May 1, 2021 25,000 Common shares repurchased, June 1, 2021 30,000 What was the weighted average number of common shares outstanding in 2021? Question 7 options: 112,500 169,166 152,500 150,000
Use the information provided to calculate the weighted average number of common shares outstanding for 2020 diluted earnings per share purposes. • 24,000 common shares outstanding on January 1, 2020. • 10,000 convertible preferred shares outstanding on January 1, 2020. Each preferred share can be converted to 12 common shares. • 12,000 common shares issued on March 1, 2020 • 5,000 preferred shares were converted to common shares on May 31, 2020. • 18,000 common shares were issued on September 1, 2020. • A 1: 2 reverse split took place on November 15, 2020. • 6,000 portfolio shares were purchased on December 1, 2020. • 51,000 shares outstanding as of December 31, 2020. * Explain in Full detail.
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Determine the weighted average number of shares outstanding as at December 31, 2023. Weighted average number of shares outstanding 3000000