Weighted-Average Shares Ander Corporation has 60,000 shares of $5-par common stock outstanding at December 31, 2000. Of

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Weighted-Average Shares Ander Corporation has 60,000 shares of $5-par common stock outstanding at December 31, 2000. Of these shares, 10,000 were issued on April 1, 2000. Ander reported net income of $158,700 for 2000.

a. Compute the weighted-average number of common shares outstanding during 2000.

b. Compute Ander’s earnings per share for 2000.

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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Weighted-Average Shares Ander Corporation has 60,000 shares of $5-par common stock outstanding at December 31, 2000. Of

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Financial Accounting A Decision Making Approach

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