subject
Business, 13.02.2020 22:22 lilly3276

On January 1, 2021, Swifty Corp. had 482,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1: Issued 126,000 shares March 1: Issued a 10% stock dividend May 1: Acquired 104,000 shares of treasury stock June 1: Issued a 3-for-1 stock split October 1: Reissued 61,000 shares of treasury stock. June 1: Issued a 3-for-1 stock splitOctober 1: Reissued 60,000 shares of treasury stocka. Determine the weighted-average number of shares outstanding as of December 31, 2018.b. Assume that Wilke Corp. earned net income of $3,456,000 during 2018. In addition, it had 100,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a).c. Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.d. Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $432,000 (net of tax). Compute earnings per share for 2018.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks
Answers: 2
question
Business, 22.06.2019 10:00
How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.
Answers: 1
question
Business, 22.06.2019 14:00
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
question
Business, 22.06.2019 23:40
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
You know the right answer?
On January 1, 2021, Swifty Corp. had 482,000 shares of common stock outstanding. During 2021, it had...
Questions
question
Mathematics, 11.09.2020 15:01
question
Geography, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
History, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
History, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Physics, 11.09.2020 15:01
question
English, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Mathematics, 11.09.2020 15:01
question
Social Studies, 11.09.2020 15:01