Question
On January 1, 2017, Carla Vista Ltd. had 510,000 common shares outstanding. During 2017, it had the following transactions that affected the common share account:
On January 1, 2017, Carla Vista Ltd. had 510,000 common shares outstanding. During 2017, it had the following transactions that affected the common share account:
Feb. 1 | Issued 183,000 shares. | |
Mar. 1 | Issued a 12% stock dividend. | |
May 1 | Acquired 210,000 common shares and retired them. | |
June 1 | Issued a 3-for-1 stock split. | |
Oct. 1 | Issued 51,000 shares. |
The companys year end is December 31.
Determine the weighted average number of shares outstanding as at December 31, 2017.
Assume that Carla Vista earned net income of $3,525,000 during 2017. In addition, it had 90,000 of 11%, $100 par, non-convertible, noncumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017. Calculate earnings per share for 2017, using the weighted average number of shares determined above
Assume that Carla Vista earned net income of $3,525,000 during 2017. In addition, it had 90,000 of 11%, $100 par, non-convertible, cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017. Calculate earnings per share for 2017, using the weighted average number of shares determined above
Assume that Carla Vista earned net income of $3,525,000 during 2017. In addition, it had 90,000 of 11%, $100 par, non-convertible, noncumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017. Assume that net income included a loss from discontinued operations of $449,000, net of applicable income taxes. Calculate earnings per share for 2017.
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