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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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Weighted Average Shares At the beginning of 2019, Hardin Company had 220,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

Chapter 16, Problem 12E, Weighted Average Shares At the beginning of 2019, Hardin Company had 220,000 shares of 10 par common

Required:

Determine the following:

  1. 1. weighted average number of shares outstanding for computing the current earnings per share
  2. 2. number of common shares outstanding at December 31, 2019.

1.

To determine

Compute the weighted average number of shares that is outstanding for computing the current earnings per share.

Explanation

Outstanding shares:

It refers to the number of shares that are held by the existing stockholders of the company.

Compute the weighted average number of shares that is outstanding for computing the current earnings per share...

2.

To determine

Ascertain the number of shares that are outstanding for the year end December 31, 2019.

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