Exercise 16-15

Kingbird Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares of $12 par common stock. At no time has Kingbird issued any potentially dilutive securities. Listed below is a summary of Kingbirds common stock activities.

1.		Number of common shares issued and outstanding at December 31, 2018		1,890,000
2.		Shares issued as a result of a 12% stock dividend on September 30, 2019		226,800
3.		Shares issued for cash on March 31, 2020		2,100,000
		Number of common shares issued and outstanding at December 31, 2020		4,216,800
4.		A 2-for-1 stock split of Kingbirds common stock took place on March 31, 2021

Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement.

shares

Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement.

shares

Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement.

shares

Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement.

shares

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