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Exercise 16-15 Marigold 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 Marigold 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 Marigold issued any potentially dilutive securities. Listed below is a summary of Marigold's common stock activities. 1. Number of common shares issued and outstanding at December 31, 20152,160,000 216,000 1,810,000 4,186,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2016 3 Shares issued for cash on March 31, 2017 Number of common shares issued and outstanding at December 31, 2017 A 2-for-1 stock split of Marigold's common stock took place on March 31, 2018 4. Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement shares Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement. shares 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. shares 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. shares Question Attempts: 0 of 2 used
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