Calculate the number of weighted-average common shares

Assignment Help Accounting Basics
Reference no: EM131771013

Question - Jasper Limited has 1,000,000 common shares outstanding on January 1. On February 27, of the current year, 200,000 shares were issued for land and buildings, and another 300,000 shares were issued under a contingent share agreement on August 1. The stipulations in the contingency agreement were met in late March, but there was a delay in issuing the shares. A 2-for-1 stock split was distributed on August 30.

Required: Calculate the number of weighted-average common shares to use in the calculation of basic EPS.

Reference no: EM131771013

Questions Cloud

How has the usa economy change : How has the USA economy change? What are the main differences between the financial plans put forth by the Democrats and republicans?
Discuss the long-term liability section of the balance sheet : Discuss three presentations of the long-term liability section of the balance sheet
Opportunity for an organization : The marketing control process is important as it provides the opportunity for an organization to adapt to both external and internal environmental change.
Linear relationship between thickness and gate velocity : Casting aluminum Do the data provide convincing evidence at the a = 0.05 level of a linear relationship between thickness and gate velocity in the population.
Calculate the number of weighted-average common shares : Jasper Limited has 1,000,000 common shares outstanding on January 1. Calculate the number of weighted-average common shares to use in calculation of basic ESP
Describe the conditions for performing inference : SAT essay-is longer better? Following the debut of the new SAT Writing test in March 2005, Dr. Les Perelman from the Massachusetts Institute.
Limitations of the portfolio approach : How does the Corporate Parent Role help remote strategic business units improve performance?
Organizations to establish corporate planning : What types of strategies can be used successfully by organizations to establish corporate planning?
Defined contribution pension plan : Briefly describe the difference between a defined contribution pension plan and a defined benefit pension plan

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd