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Exercise 16-15 (Part Level Submission) Blossom Inc. uses a calendar year for nancial reporting. The company is authorized to issue 9,400,000 shares of $10 par

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Exercise 16-15 (Part Level Submission) Blossom Inc. uses a calendar year for nancial reporting. The company is authorized to issue 9,400,000 shares of $10 par common stock. At no time has Blossom issued any potentially dilutive securities. Listed below is a summary of Blossom's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,050,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 205,000 3. Shares issued for cash on March 31, 2020 1,810,000 Number of common shares issued and outstanding at December 31, 2020 4,065,000 4. A Z-for-l stock split of Blossom's common stock took place on March 31, 2021 v (a) Your answer is correct. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. 0 2,255,000 Shares V (b) I2] Your answer is incorrect. Try again. Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. In 2101250 Shares

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