During the year it engaged in the following transactions

Reference no: EM13599127

At the beginning of the current year, health company had 20,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end it had 63,800 shares outstanding:

April 2 issued 5,000 shares of stock
June 4 Issued 4,000 shares of stock
July 1 Issued a 10% stock dividend
Sept 28 issued a two-for-one stock split, reducing the par value to $5 per share
Oct 3 Reacquired 1,000 shares as treasury stock
Nov 27 Reissued the 1,000 shares of treasury stock

Required
Determine the weighted average number of shares outstanding for computing the current earnings per share

Reference no: EM13599127

Questions Cloud

State the sections of the statement of cash flows prepared : state the section of the statement of cash flows prepared by the indirect method operating activities investing

On february 3 the teel corporation enters into a : on february 3 the teel corporation enters into a subscription contract with several subscribers for 5000 shares of 10

How much of the actual food services cost for june should : 1. hilbun corporation has two operating divisions-an atlantic division and a pacific division. the companys logistics

Assume you are opening a bed bath and beyond store to : assume you are opening a bed bath and beyond store. to finance the business you need a 500000 loan and your bank

During the year it engaged in the following transactions : at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the

On december 312010 dow steel corporation had 600000 shares : on december 312010 dow steel corporation had 600000 shares of common stock and 300000 shares of 8 noncumulative

Jamieson company earned net income of 43800 during 2010 at : jamieson company earned net income of 43800 during 2010. at the beginning of 2010 it had 10000 shares of common stock

Sardel company reported net income of 29975 for 2010 during : sardel company reported net income of 29975 for 2010. during all of 2010 the company had 1000 shares of 10 100 par

What ethical concern do you have regarding the method used : what ethical concern do you have regarding the method used to gather information about space utilization? what

User Account

All Pages