Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2010. On May 1, 2010, Douglas
Question:
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2010. On May 1, 2010, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average number of shares outstanding for 2010.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Dates Outstanding 1151 5171 71101 ...View the full answer
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
Students also viewed these Accounting questions
-
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2020. On May 1, 2020, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued...
-
Barkley Corporation had 120,000 shares of stock outstanding on January 1, 2008. On May 1, 2008, Barkley issued 45,000 shares. On July 1, Barkley purchased 10,000 treasury shares, which were reissued...
-
Hudson Corporation was organized on January 1 2010. Information related to the corporations equity section is listed below: Using this information prepare the stockholders equity section for the...
-
The lease agreement and related facts indicate the following: a. Leased equipment had a retail cash selling price of $300,000. Its useful life was five years with no residual value. b. The lease term...
-
Political commentator B. Bruce-Briggs once wrote the following in the Wall Street Journal: "This is not to say that the case for international free trade is invalid; it is just irrelevant. It is an...
-
Why should employee paychecks be drawn against a special checking account?
-
Disney is considering entering into a joint venture to build condominiums in Vail, Colorado, with a local real estate developer. The development is expected to cost \($1\) billion overall and, based...
-
San Antonio Furniture Company makes two products: bookshelves and rocking chairs. The following information is available for September: a. Production requirements: b. Levels of inventories: Required:...
-
pleasesolve this urgently On January 1, 2023, the luarhoe Company budget committee reached agreement on the following data for the six months ending June 30, 2023. The ending raw materials and...
-
Munson Performance Auto, Inc., modifies 375 autos per year. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor...
-
Kalin Corporation had 2010 net income of $1,000,000. During 2010, Kalin paid a dividend of $2 per share on 100,000 shares of preferred stock. During 2010, Kalin had outstanding 250,000 shares of...
-
Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2010. On May 1, Tomba issued 30,000 shares. (a) Compute the weighted-average number of shares outstanding if the 30,000...
-
Open the VB2015\Chap14\Polter Solution\Polter Solution (Polter Solution.sln) file. The application is connected to the Products database, which contains a table named tblProducts. Each record in the...
-
In one-way ANOVA, the effect of unequal variances can be substantial when the design is ____________________ . In Exercises 7 and 8, fill in each blank with the appropriate word or phrase.
-
In one-way ANOVA, the null hypothesis states that all the population means are __________________ . In Exercises 7 and 8, fill in each blank with the appropriate word or phrase.
-
Walt Pavlo joined MCI in the spring of 1992. At that time, MCI was a growth company in the booming long-distance telecommunications industry that had 15% of the long-distance market, with revenues of...
-
In a one-way ANOVA with four samples, the sample means were x1 = 86.8, x2 = 82.4, x3 = 85.8, and x4 = 89.1. The sample sizes were n1 = n2 = n3 = n4 = 4, and the error mean square was MSE = 1.3....
-
In January 2006, the chair of Hewlett- Packard (HP), Patricia Dunn, hired a team of independent electronic-security experts to determine the source of leaked confidential details regarding HPs...
-
Perfect Products Co. applied for a substantial bank loan from Capitol City Bank. In connection with its application. Perfect engaged William & Co., CPAs, to audit its financial statements. William...
-
By referring to Figure 13.18, determine the mass of each of the following salts required to form a saturated solution in 250 g of water at 30 oC: (a) KClO3, (b) Pb(NO3)2, (c) Ce2(SO4)3.
-
A single-stage steam ejector is designed to remove 50 kg/h of air from a reflux drum operating at 25 kPa and 50C and discharge it to the atmosphere through a vent using a steam ejector with saturated...
-
Blank Co. acquired 25% of the 500,000 shares of outstanding common stock of Overload Inc. on December 31, 2014. The purchase price was $3,600,000. Overload declared and paid $1.20 per share cash...
-
On January 1, 2014, LabTech Inc. purchased 40% of the common shares of UnderTech Company for $280,000. During the year, UnderTech earned net income of $120,000 and paid dividends of $36,000....
-
Waxer Corporation has an investment in corporate bonds classified as available-for-sale at December 31, 2014. These bonds have a par value of $500,000, an amortized cost of $500,000, and a fair value...
-
Brock Company's financial information is listed below. Assumethat all balance sheet amounts represent both average and endingbalance figures and that all sales were on credit.AssetsCash and 2 answers
-
Part 2On October 1, ET Inc. has available for issue a $343,000 bond duein eight years. Interest at the rate of 5.5% is to be paidsemiannually. Calculate the issue price if the market interest rate 1...
-
10.7 Kress Products' corporate charter authorized the firm to sell 800,000 shares of \( \$ 10 \) par common stock, Kress sold 258,300 shares and reacquired 1,650 of those shares The reacquired shares...
Study smarter with the SolutionInn App