Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

needing helppp Number 2. Use the information provided to calculate the weighted average number of common shares outstanding for the purpose of diluted earnings per

needing helppp
image text in transcribed
image text in transcribed
Number 2. Use the information provided to calculate the weighted average number of common shares outstanding for the purpose of diluted earnings per share for the year 2020.3 4. 24,000 common shares outstanding on January 1, 2020. 10,000 preferred shares convertible into outstanding on January 1, 2020. Each preferred share can be converted to 12 common shares. 12,000 common shares issued on March 1, 2020 5,000 preferred shares were converted to common shares on May 31, 2020. 18,000 common shares were issued on September 1, 2020. 7. 8 A 1:2 reverse split was performed on November 15, 2020. 96,000 shares in portfolio were purchased on December 1, 2020. 51,000 shares outstanding on December 31, 2020. 10 11 2 3 3 5 Nmero 2. Utilice la informacin provista para calcular el promedio ponderado de acciones comunes en circulacin para fines de la ganancia por accin diluida para el ao 2020. 24,000 acciones comunes en circulacin el 1 de enero de 2020. 10,000 acciones preferidas convertibles en circulacin el 1 de enero de 2020. Cada accin preferida se puede convertir en 12 acciones comunes. 12,000 acciones comunes emitidas el 1 de marzo de 2020 5,000 acciones preferidas se convirtieron en acciones comunes el 31 de mayo de 2020. 18,000 acciones comunes se emitieron el I de septiembre de 2020. Un reverse Split de 1:2 se realiz el 15 de noviembre de 2020. 6,000 acciones en cartera se compraron el 1 de diciembre de 2020. 51,000 acciones en circulacin el 31 de diciembre de 2020, 7 8 9 10 11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Environmental Responsibility Accounting And Corporate Finance In The EU

Authors: Panagiotis Dimitropoulos, Konstantinos Koronios

1st Edition

3030727726, 9783030727727

More Books

Students also viewed these Accounting questions

Question

What is pseudocode?

Answered: 1 week ago

Question

Explain why Sheila, not Pete, should make the selection decision.

Answered: 1 week ago