On January 1st, 2021, Bayshore Boats, Inc. had 30,000 shares of common stock outstanding. On February 1st the corporation issued 10,000 additional common shares to raise cash. On May 1st, the corporation declared and issued a 5% stock dividend. On November 1st, the corporation issued 8,000 shares of common stock. On December 1st , the corporation issued a 4:1 stock split. Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2021
On January 1st, 2021, Bayshore Boats, Inc. had 30,000 shares of common stock outstanding. On February 1st the corporation issued 10,000 additional common shares to raise cash. On May 1st, the corporation declared and issued a 5% stock dividend. On November 1st, the corporation issued 8,000 shares of common stock. On December 1st , the corporation issued a 4:1 stock split. Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2021
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 1R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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Question
On January 1st, 2021, Bayshore Boats, Inc. had 30,000 shares of common stock
outstanding. On February 1st the corporation issued 10,000 additional common
shares to raise cash. On May 1st, the corporation declared and issued a 5% stock
dividend. On November 1st, the corporation issued 8,000 shares of common stock.
On December 1st , the corporation issued a 4:1 stock split.
Instructions
Compute the weighted average number of shares to be used in computing earnings
per share for 2021
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