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On jan 1 2 0 2 6 sandhill corp had 4 5 9 0 0 0 shares of common stock outstanding during 2 0 2
On jan sandhill corp had shares of common stock outstanding during it had the following transactions that affected the common stock account.
Feb issued shares
Mar issued a stock dividend
May Acquired shares of treasury stock
Jun issued a for stock split
Oct reissued shares of treasury stock
A Determine the weighted average number of shares outstanding as of Dec The weighted average number of shares outstand $
B Assume that sandhill corp earned net income of during in addition it had shares of par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however the company did not declare and pay a preferred dividend in Compute earnings per share for using the weighted average number of shares determined in part a
Earning per share $
C Assume the same facts as in part b except that the preferred stock was cumulative. Compute earnings per share for
Earnings per share $
D Assume the same facts as in part b except that net income included a loss from discontinued operations of $net of tax Compute earnings per share for
Earnings per share $
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