Question
Assume that the following data relative to Crane Company for 2021 is available: Net Income $2,870,000 Transactions in Common Shares Change Cumulative Jan. 1, 2021,
Assume that the following data relative to Crane Company for 2021 is available: Net Income $2,870,000 Transactions in Common Shares Change Cumulative Jan. 1, 2021, Beginning number 680,000 Mar. 1, 2021, Purchase of treasury shares (56,400) 623,600 June 1, 2021, Stock split 2-1 623,600 1,247,200 Nov. 1, 2021, Issuance of shares 210,000 1,457,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common (adjusted for split). $1,000,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split). 81,000 shares (a1) Compute weighted average shares outstanding for 2021. Weighted average shares outstanding Attempts: 0 of 1 used (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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