Question
1. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. 2. Compute
1. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement.
2. Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement.
3. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement.
4. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement.
Skysong Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,680,000 shares of $10 par common stock. At no time has Skysong issued any potentially dilutive securities. Listed below is a summary of Skysong's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 3. Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 4. A2-for-1 stock split of Skysong's common stock took place on March 31, 2021 2,140,000 214,000 1,820,000 4,174,000Step by Step Solution
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