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can someone please assist with these questions Alpler 19- Earnings per Share Level of Learning: Application Topic: LO3 79. JUNK BONDS Inc. began operations Jan.

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Alpler 19- Earnings per Share Level of Learning: Application Topic: LO3 79. JUNK BONDS Inc. began operations Jan. 1, 20x3. The following events related to common shares took place on the indicated dates during 20x3. Jan. 1 Issued 25,000 common shares Apr. 1 Purchased 4,000 treasury shares May 1 Split the common shares 4-for-1 Aug. 1 Issued 20,000 common shares Dec. 1 Issued a 25% stock dividend Assuming no potentially dilutive securities, what is the weighted average shares for EPS in 20x2 A) 96,333 B) 37,917 C) 120,417 D) 118,345 Ans: C Difficulty: Medium Level of Learning: Application Topic: LO3 80. Jimbo Co. began operations Jan. 1, 20x3. The following events related to common stock took place on the indicated dates during 20x3. Jan. 1 Issued 5,000 common shares Apr. 1 Purchased 400 treasury shares May 1 Split 2-for-1 Aug. 1 Issued 2,000 common shares Dec. 1 issued a 20% stock dividend Assuming no potentially dilutive securities, what are the weighted average shares for EPS in 20x3? A) 12,280 B) 10,233 C) 6,640 D) 12,080 Ans: A Dificulty: Medium Level of Learning: Application Topic: LO3

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