User Account

All Pages

Compute the weighted-average number of common shares

Assignment Help Accounting Basics
Reference no: EM132494108

Question - Pink Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,370,000 shares of $12 par common stock. At no time has Pink Incissued any potentially dilutive securities. Listed below is a summary of Pink Inc common stock activities.

1. Number of common shares issued and outstanding at December 31, 2015 1,990,000.

2. Shares issued as a result of a 12% stock dividend on September 30, 2016 238,800.

3. Shares issued for cash on March 31, 2017 2,000,000.

Number of common shares issued and outstanding at December 31, 2017 4,228,800.

4. A 2-for-1 stock split of Pink common stock took place on March 31, 2018.

Required - Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement.

Reference no: EM132494108

Questions Cloud

Determine what is the portfolios beta : Determine What is the portfolios beta? $37,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70.
What is the firms required rate of return for zacher co : Zacher Co.'s stock has a beta of 1.32, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm's required rate of return?
Describe the various legal and ethical issues : Describe the various legal and ethical issues that relate to specific phases of penetration testing.
Describe what happens when a function is invoked : Question 1: Describe what happens when a function is invoked (called).
Compute the weighted-average number of common shares : Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement
Case study - destin brass products co : Compare the estimated costs you calculate to existing standard unit costs (Exhibit 3) and the revised unit costs (Exhibit 4). What causes the different product
Prepare any journal entries that ubc financial should make : Prepare any journal entries that UBC Financial should make as the result of information in the preceding report. Assume that the company has 1.3 million
Benefits and practices of using database applications : You can take any type of business as an example and discuss how it can improve its business processes by using Database applications.
Prepare the consolidated worksheet for Panther and Stark : Show how Panther computed its $61,500 equity in Stark's earnings balance. Prepare the 2018 consolidated worksheet for Panther and Stark

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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