The original income statements for ZoomMed, Inc., presented the following information when they were first published in
Question:
The company also experienced some changes in the number of outstanding common shares over the three years through the following activities:
Required
1. Calculate the 11 missing amounts.
2. Calculate the weighted-average number of common shares outstanding during:
a. 2013
b. 2014
c. 2015
3. Rounding calculations to two decimal places, prepare the earnings per share income statement presentations for:
a. 2013
b. 2014
c.2015
Transcribed Image Text:
2015 2014 2013 Sales.... Expenses.... Income from continuing operations Gain (loss) on discontinued segment. (37,125) 215,000 7 90,000 14,100 (26,145) 2 $ 92,875 s on December 31, 2 20,000 2013 Issued shares on July 1....2,000 Issued shares on Septem 20% share dividend on December 1 2014 s on March 31 +8,000 Outstanding shares on December 31, 2014 2015 Issued shares on July 1 . 2:1 split on November 1 6,400 7
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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