Howard corporation had 10,000 shares of common stock outstanding at the beginning of the year. On July 1, it issued 5000 shares, and on September 1, it acquired 600 shares as treasury stock. What is the weighted average number of common shares Howard will use in computing its earnings per share?

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A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

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Q: During its first year of operations, Cullumber Company had the following transactions pertaining to…

A: Total cash received on Jan. 10 = No. of shares issued x pr value per share = 65000 x $5 = $325,000

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A: Calculation of basic learning for shares is done then consideration of only ordinary shares is taken…

Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A:

Q: On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it…

A: Common shares are issued by the company to fulfil its capital requirements. The common shareholders…

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A: Weighted average shares outstanding is a number of shares of the company after incorporating…

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A: Formula: Earnings per share = Net Income / outstanding Weighted average common shares Division of…

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A: Cumulative preferred stock is a stock whose dividend keeps on cumulating if not received in any…

Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A: During the year number of shares outstanding are not same. Due to purchase or sale of shares. To…

Q: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with…

A: Formula: Weighted average number of shares = Number of shares issued x Time period

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A: Shares Sold= 10,20,000 shares Total Equity= $440,00,000 Common stock Value= $22,95,000 Retained…

Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…

A: Outstanding shares = Issued shares - Treasury shares                                  = 270,000…

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A: The weighted average number of shares is based on the number of shares issued and the duration of…

Q: A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to…

A: Book value per share= (Shareholder's equity- Preferred stock )/ Common stock shares

Q: A company had stock outstanding as follows during each of its first three years of operations: 2,500…

A: 1. Annual Preferred dividend  = No. of shares*face value per share*dividend % = 2,500*$100*10% =…

Q: Throughout the year, Baker Construction Company had3 million shares of common stock and 150,000…

A: Convertible preference share are those preferences shares which carry a right to be converted into…

Q: Richards Corporation had net income of $241,562 and paid dividends to common stockholders of…

A: Price earning ratio is calculated as market value of share divided by earning per share. Earning per…

Q: A company had stock outstanding as follows during each of its first three years of operations: 1,000…

A: working note PREFERED DIVIDEND = 1,000 *100*9%=$9000

Q: Lightfoot Inc., a software development firm, has stockoutstanding as follows: 10,000 shares of…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Trans Union Corporation issued 5,000 shares for $50 per share in the current year, and it…

A:

Q: Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The…

A: Solution Concept Basic earning per share =earning available for common shareholders / weighted…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid…

A: 1.

Q: Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of…

A: Large stock dividend, A stock dividend is considered to be large if the new shares being issued are…

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A: • Weighted average number of common shares from January to March: For opening balance  = 50,000×3/12…

Q: Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of…

A: No. of shares issued and outstanding = No. of shares issued - No. of treasury stock = 158963-79891 =…

Q: A company had stock outstanding as follows during each of its first three years of operations: 2,000…

A: Preference Stock: These are the shares that earn a fixed rate of dividend on the number of shares…

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A: Dividend payable = No. of shares * Dividend per share

Q: In its first year of operations, Martinez Corporation had the following transactions pertaining to…

A: We have the following information: Preferred stock par value: $10 Feb. 1 Issued 8,000 shares for…

Q: A company had 110,000 shares of common stock outstanding on January 1st. It then issued 50,000…

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Q: Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714…

A: Weighted average no of share calculation To calculate weight shares  we have to consider shares at…

Q: Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May…

A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…

Q: Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…

A: Dividends is the part or share of profits that is being distributed to the shareholders of the…

Q: Net income was $200,800 for the year. Throughout the year the company had outstanding 12,000 shares…

A: Formula: Basic EPS = ( Net Income - preferred dividend ) / outstanding shares of common stock.

Q: The balance sheet for Crutcher Corporation reported 200,000 shares outstanding, 300,000…

A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

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A: EPS = (Net income - Preferred dividen) / Weighted average number of Common shares

Q: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: During the current year, Corporation A had 100,000 shares of common stock outstanding. On July 1,…

A: The formula to calculate the current ratio is (Current Assets/Current Liabilities) Stock split is a…

Q: Milo Co. had 795,000 shares of common stock outstanding as of January 1. On May 1, they issued…

A: Firstly, we shall calculate the Shares that were outstanding during the year and the Months for…

Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…

A: The earnings per share is calculated as net income divided by outstanding shares.

Q: Marcy Company had 30,000 shares of common stock at the beginning of the year. On July 1, it issued…

A: Formulas: Weighted average number of shares = Actual shares out standing * Fraction of year…

Q: At the start of the fiscal year, Comfortable Company has 100,000 shares of its ₱10 par value common…

A: Solution: Common stock at the end of year= 120000*10 = 1,200,000 Additional paid in capital =…

Q: On January 1, 2021, a company had 499,000 shares of common stock outstanding. During the year, it…

A: Weighted average number of shares outstanding is the average number of shares that are outstanding…

Q: Darren Company had 600,000 ordinary shares outstanding on January 1, issued 120,000 shares on May 1,…

A: Weighted average number of shares outstanding is the sum of all outstanding shares multiplied by the…

Q: Blake Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On…

A: Formula to calculate Earnings per share (EPS): EPS = (Net income - Preferred dividen) / Weighted…

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A: Earnings per share is a financial ratio that indicates a company’s ability to earn revenue for its…

Q: Sanders Corporation has the following shares outstanding: 6,000 shares of $50 par value, 6%…

A: Please find the answers to the above questions below:

Q: Junkyard Arts, Inc., had earnings of $446,400 for the year. The company had 54,000 shares of common…

A: Junkyard earnings = $ 446400 Common stock outstanding = 54000 shares Number of preferred stock =…