Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 16-15 Kingbird tre uses a Calendar year for Financial reporting. The company is wuthorised to spe 9,000,000 shares of $12 par common stock. At

image text in transcribed
image text in transcribed
Exercise 16-15 Kingbird tre uses a Calendar year for Financial reporting. The company is wuthorised to spe 9,000,000 shares of $12 par common stock. At no time at Kingbirded any potentially live securities Linted below any Kingbird's common stock acts 1. Number of common shares sued and outstanding at December 31, 2018 2.60,000 2. Share issued as a result of a 12% stock dividend on September 30, 2019 259,200 3. Shares issued for cash on March 31, 2020 2.199,000 Number of common shares inued and outstanding at December 31, 2020 4.10.200 4. A2-for-1 stock split of Kingbird's common stock took place on March 31, 2021 Compute the weighted average number of common shares used in computing carings per common share for 2019 on the 2020 orative Income statement shares LETTER Computer the weighted average number of common shares used in computing earnings per common are for 2020 on the 2020 compartive income statement 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 LIMTOTEKE 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 LTHETOHET

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Jeanette Landin

8th Edition

126072879X, 9781260728798

More Books

Students also viewed these Accounting questions

Question

If xey = 6, find dy/dx.

Answered: 1 week ago

Question

your ultimate goal upon graduation (i.e., career goals).

Answered: 1 week ago

Question

Explain why you agree or disagree with this statement.

Answered: 1 week ago