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Ivanhoe Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time
Ivanhoe Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time has Ivanhoe issued any potentially dilutive securities. Listed below is a summary of Ivanhoe's common stock activities. 1. 2. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 12% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2-for-1 stock split of Ivanhoe's common stock took place on March 31, 2021 2,140,000 256,800 2,030,000 4,426,800 3. 4. X Your answer is incorrect. Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. 2354000 shares X Your answer is incorrect. Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. 2193500 shares e Textbook and Media X Your answer is incorrect. 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. 4387000 shares
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