Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help to solve this . On December 31, 2020, Wildhorse Corporation had 3,800, $2 preferred shares and 60,800 common shares issued. During 2021, the company
help to solve this .
On December 31, 2020, Wildhorse Corporation had 3,800, $2 preferred shares and 60,800 common shares issued. During 2021, the company completed the following share transactions: Apr. 1 Sold 7.600 common shares for $3,800 cash. Sept. 30 Reacquired 4,000 common shares for $1,400 cash. Wildhorse's proht in 2021 was $395,000. Calculate the weighted average number of common shares for 2021. Weighted average number of shares Calculate earnings per share under each of the following independent assumptions: 1. Preferred shares are cumulative and dividends were (i) declared. (ii) not declared. 2. Preferred shares are noncumulative and dividends were (i) declared. (ii) not declared. (Round answers to 2 decimal places, eg. 52.76.) 1. (i) Earnings per share $ (ii) Earnings per share $ 2. (i) Earnings per share $ (ii) Earnings per share $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started