Question
Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows: Required: 1.
Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows:
Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.)
*No preferred shares have been issued.
2. Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.)
3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)
Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows: Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.) \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Information on Common Shares for Ace Group Inc. } \\ \hline Shares outstanding on December 31, 2021 & 32,800 \\ \hline Purchase and retirement of shares on March 1, 2022 & - & 3,680 \\ \hline Sale of shares on June 1, 2022 & + & 14,080 \\ \hline Share dividend of 5\% on August 1, 2022 & & \\ \hline Shares outstanding on December 31,2022 & \\ \hline Sale of shares on February 1,2023 & + & 6,560 \\ \hline Purchase and retirement of shares on July 1, 2023 & - & 1,840 \\ \hline Shares outstanding on December 31,2023 & & \\ \hline Sale of shares on March 1, 2024 & + & 18,160 \\ \hline Purchase and retirement of shares on Septernber 1, 2024 & \\ \hline Share split of 3:1 on October 1, 2024 & + & \\ \hline Shares outstanding on December 31,2024 & & \\ \hline \end{tabular} 2. Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.) 3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2 decimal ploces. Negative amounts should be indicated by a minus sign.)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