Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Carla Vista Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At
Carla Vista Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At no time has Carla Vista issued any potentially dilutive securities. The following is a summary of Carla Vista's common share activities: 6,640,000 Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 5% stock dividend on September 30, 2019 332,000 Shares issued for cash on March 31, 2020 2,960,000 Number of common shares issued and outstanding at December 31, 2020 9,932,000 Carla Vista issued its 2020 financial statements on February 28, 2021. A 2-for-1 stock split of Carla Vista's common shares occurred on March 31, 2021. Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2019 comparative income statement. shares Weighted average number of common shares e Textbook and Media Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2020 comparative Income statement. Weighted average number of common shares: shares e Textbook and Media Calculate the weighted average number of common shares to use in calculating earnings per common share for 2020 on the 2020 comparative income statement. shares Weighted average number of common shares e Textbook and Media Calculate the weighted average number of common shares to use in calculating earnings per common share for 2020 on the 2021 comparative income statement. shares Weighted average number of common shares e Textbook and Media Calculate the weighted average number of common shares to use in calculating earnings per common share for 2021 on the 2021 comparative income statement. shares Weighted average number of common shares
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started