On December 31, 20x2, Preacher, Inc. had 500,000 ordinary shares outstanding. The following transactions occurred during 20x3: a. Issued 180,000 shares to key employees as compensation for their past services to the company on February 28, 20x3. b. Issued a 10% dividend on March 31, 20x3. C. Issued 200,000 ordinary shares for cash on June 30, 20x3. D. Declared a 2-for-1 stock split on October 1, 20x3. E.Declared cash dividends of P5 per share on November 1,20x3. F.Reacquired 60,000 treasury shares on December 1, 20x3. Requirement: What number of shares should be used in computing hasic earnings per share for the year ended
On December 31, 20x2, Preacher, Inc. had 500,000 ordinary shares outstanding. The following transactions occurred during 20x3: a. Issued 180,000 shares to key employees as compensation for their past services to the company on February 28, 20x3. b. Issued a 10% dividend on March 31, 20x3. C. Issued 200,000 ordinary shares for cash on June 30, 20x3. D. Declared a 2-for-1 stock split on October 1, 20x3. E.Declared cash dividends of P5 per share on November 1,20x3. F.Reacquired 60,000 treasury shares on December 1, 20x3. Requirement: What number of shares should be used in computing hasic earnings per share for the year ended
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...
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On December 31, 20x2, Preacher, Inc. had 500,000 ordinary shares outstanding. The following transactions occurred during 20x3:
a. Issued 180,000 shares to key employees as compensation for their past services to the company on February 28, 20x3.
b. Issued a 10% dividend on March 31, 20x3.
C. Issued 200,000 ordinary shares for cash on June 30, 20x3.
D. Declared a 2-for-1 stock split on October 1, 20x3.
E.Declared cash dividends of P5 per share on November 1,20x3.
F.Reacquired 60,000 treasury shares on December 1, 20x3.
Requirement: What number of shares should be used in computing hasic earnings per share for the year ended
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