Exercise 16 15 Concord 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 Concord issued any potentially dilutive securities Listed below is a summary of Concords common stock activities 1 Number of common shares issued and outstanding at December 31, 2015 2,140,000 2 Shares issued as a result of a 10 stock dividend on September 30, 2016 214,000 3 Shares issued for cash on March 31, 2017 1,820,000 Number of common shares issued and outstanding at December 31, 2017 4,174,000 4 A 2 for 1 stock split of Concords common stock took place on March 31, 2018 1 Compute the weighted average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement 2 Compute the weighted average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement 3 Compute the weighted average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement 4 Compute the weighted average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement

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Exercise 16-15 Concord Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,680,000 shares of $10 par common stock. At

Exercise 16-15

Concord 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 Concord issued any potentially dilutive securities. Listed below is a summary of Concords common stock activities.

1.	Number of common shares issued and outstanding at December 31, 2015	2,140,000
2.	Shares issued as a result of a 10% stock dividend on September 30, 2016	214,000
3.	Shares issued for cash on March 31, 2017	1,820,000
	Number of common shares issued and outstanding at December 31, 2017	4,174,000
4.	A 2-for-1 stock split of Concords common stock took place on March 31, 2018

1.Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement.

2.Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement.

3.Compute the weighted-average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement.

4.Compute the weighted-average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement.