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On January 1, 2019, Jerry Co. had 25,000 shares of common stock outstanding. On April 1, 2019 it had a 10% stock dividend. On October
On January 1, 2019, Jerry Co. had 25,000 shares of common stock outstanding. On April 1, 2019 it had a 10% stock dividend. On October 1 , 2020 it had a 4:1 stock split. Required: a. Determine the weighted average common stock outstanding used in the basic earnings per share computation at 12/31/2019. b. Determine the weighted average common stock outstanding used in the basic earnings per share computation at 12/31/2020. c. Jerry will be issuing comparative financial statements for 2019 and 2020 . What number of shares should be used in the earnings per share computation for 2019 and 2020
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