Question
Little Incorporated reports the following information about its common stock for 2021: Date Event January 1 174,000 shares outstanding April 1 Issued 63,000 shares July
Little Incorporated reports the following information about its common stock for 2021:
| Date | Event |
|---|---|
| January 1 | 174,000 shares outstanding |
| April 1 | Issued 63,000 shares |
| July 1 | Purchased 39,000 shares of treasury stock |
| October 1 | Issued a 10% stock dividend |
What is the weighted-average number of shares to be used in computing earnings per common share in 2021?
264,825
221,925
217,800
201,750
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
Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
