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Homework help, 1A. Brattleboro Company began the year with 200,000 shares of $5 par common stock. On April 1, they issued 120,000 shares. On July
Homework help,
1A.
| Brattleboro Company began the year with 200,000 shares of $5 par common stock. On April 1, they issued | |||||||||
| 120,000 shares. On July 1, they issued 60,000 shares. On September 1, Brattleboro experienced a 3 for 1 stock split. | |||||||||
| On October 1, they purchased back 20,000 shares and place them in the treasury. | |||||||||
| Prepare a schedule showing the weighted average shares for earnings per share calculations. | |||||||||
1B.
| Rutland Company has 300,000 shares of authorized and issued $2 par common stock. Additional paid in capital | |||||||||
| amounted to $3,000,000. Record the following events: | |||||||||
| Dr. | Cr. | ||||||||
| Purchased 15,000 shares of stock as treasury stock at $8 per share on May 1. | |||||||||
| On April 1, they sold 1,000 shares of the treasury stock at $15 per share. | |||||||||
| On May 1, they sold to employees as part of a company plan 1,000 shares | |||||||||
| from the treasury for $7 each. There is no compensation expense. | |||||||||
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Managerial Accounting Decision Making and Motivating Performance
Authors: Srikant M. Datar, Madhav V. Rajan
1st edition
132816245, 9780132816243, 978-0137024872
