User Account

All Pages

Determine the number of common shares outstanding

Assignment Help Accounting Basics
Reference no: EM132513272

Question - At the beginning of 2014, Hardin Company had 240,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

March 1 Issued 43,000 shares of stock at $25 per share.

June 1 Issued a 20% stock dividend.

July 1 Issued 9,000 shares of stock at $30 per share.

Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.

Oct. 31 Reacquired 82,000 shares as treasury stock at a cost of $33 per share.

Nov. 30 Reissued 41,000 treasury shares at a price of $36 per share.

Required -

1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number.

2. Determine the number of common shares outstanding at December 31, 2014.

Reference no: EM132513272

Questions Cloud

Effective ways to reduce bullying in schools : Analysis of a significant historic/cultural event that has influenced human behaviors, human expression, ethics, and which you can analyze and provide future
Model penal code : Discuss the crime(s) Stacey and Michelle would be guilty of using the model penal code.
What is the sound intensity at that point in wm2 : If the sound level intensity is 17.0 dB at a point d1 = 6.8 cm from the source, what is the sound intensity at that point in W/m2.
Calculate the cost of closing stock at april : Using the FIFO method of inventory valuation, Calculate the cost of closing stock at April 2019. Ace Limited uses a perpetual inventory system.
Determine the number of common shares outstanding : Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Determine number of common shares outstanding at December
Discuss the importance of narrative hook : Discuss the importance of a narrative hook and why rhetorical questions should be avoided as a narrative hook.
Location of the central fringe on the screen : What is the difference in path lengths from each of the slits to the location of the central fringe on the screen?
What is the magnitude of the magnetic field : What is the magnitude of the magnetic field along the z-axis due to the moving proton? Explain your reasoning. Proton moving with velocity
Gender theory and social learning theory : Describe parents as socialization agent and other sources of socialization. Use gender theory and social learning theory to analyze your family experience.

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