Determine weighted-average number of shares outstanding

Assignment Help Financial Accounting
Reference no: EM131202387

On January 1, 2015, Wilke Corp. had 535,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account. February 1 Issued 139,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 101,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 74,800 shares of treasury stock Collapse question part (a) Determine the weighted-average number of shares outstanding as of December 31, 2015.

Reference no: EM131202387

Questions Cloud

Under the periodic inventory system : Under the periodic inventory system:
Equivalent units related to conversion costs : Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing departmen..
What were the equivalent units for conversion costs : Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 23,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. What were the equivalen..
The effects on the accounting equation : When a company buys equipment for $168,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following are the effects on the accounting equation?
Determine weighted-average number of shares outstanding : On January 1, 2015, Wilke Corp. had 535,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2015..
Made at time of the issuance of the bonds and warrants : Illiad Inc. has decided to raise additional capital by issuing $179,300 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that to help the sale of the bonds, detachable stock warrants should be i..
Bond discount is amortized semiannually on straight-line : Aubrey Inc. issued $4,991,400 of 8%, 10-year convertible bonds on June 1, 2014, at 98 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line b..
Prepare production budget for supermix for the months : Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products.  Prepare a product..
Total materials variance and price and quantity variances : The standard cost of Product B manufactured by MIT Company includes 2.40 units of direct materials at $5.20 per unit. During June, 27,400 units of direct materials are purchased at a cost of $5.09 per unit, and 27,400 units of direct materials are us..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Completed a project for liu corporation

After the success of the company's first two months, Adria Lopez continues to operate Success Systems.

  Company assigns overhead cost

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,030 of direct materials, $3,760 of direct labor, and $6,350 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined ov..

  Explain how might management minimize the impairment loss

Is this ever discussed by management in the financials? Explain how might management minimize the impairment loss if one is reported? Consider the two steps of the process for determining impairment.

  What might cause the gross profit percent to decline

Why might sales increase 20% but net income increase only 15%? What might cause the gross profit percent to decline? How would the increase in R&D affect the net income?

  Evaluate costing process and procedures of organisation

Analyse how the organisation collects, stores, and prepares management accounting information, particularly the use of a management accounting system (MAS) and how information is disseminated throughout the organisation.

  Question you are engaged in your cpa firms 1st audit of

question you are engaged in your cpa firms 1st audit of zorostria a retailer of artwork photographs purchased and

  Determine annual and total depreciation recorded by company

Reimer Company and Lingo Company are two proprietorships that are similar in many respects. Determine the annual and total depreciation recorded by each company during the 3 years.

  On 1st april 20x7 miller oil company purchased a pumping

on 1st april 20x7 miller oil company purchased a pumping truck. the sole consideration was a 100000 note due in one

  Journalize each of the transactions for september

Journalize each of the transactions for September, set up T-accounts, and post each of the journal entries made in (1).

  Calculation of requirement of cash to be maintainedthe

calculation of requirement of cash to be maintained.the wallace company must maintain a minimum cash balance of 30000.

  Explain how does the accounting for normal spoilage

Explain how does the accounting for normal spoilage and rework differ from the accounting for abnormal spoilage and rework?

  Machine-hours is the measure of activity

Machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The overhead applied to products during the period was closest to? The fixed manufacturing overhead volume variance fo..

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