a. 1. How many shares of common stock had been issued as of December 31, 2010? 2.

Question:

a. 1. How many shares of had been issued as of December 31, 2010?
2. How many shares of were outstanding as of December 31, 2010?
3. What share number is used to compute basic earnings per share for 2010? Describe the computation of this number.
4. What share number was used to compute diluted earnings per share for 2010? Describe the computation of this number.
5. Why the substantial difference in shares outstanding at December 31, 2010 and the weighted average shares outstanding at December 31, 2010?
b. What earnings per share number would analysts likely put more emphasis on for the year- end period ended December 31, 2010?
c. Compute the book value for December 31, 2010.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...