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On January 1, 2022, Whispering Ltd. had 480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account. February
On January 1, 2022, Whispering Ltd. had 480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account.
February 1 Issued 117,000 shares March 1 Issued a 20% share dividend May 1 Acquired 101,000 treasury shares June 1 Issued a 3-for-1 share split October 1 Reissued 62,000 treasury shares
Assume the same facts as in part (b), except that the preference shares were cumulative. Compute earnings per share for 2022.
On January 1, 2022, Whispering Ltd. had 480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account.
Assume the same facts as in part (b), except that the preference shares were cumulative. Compute earnings per share for 2022. | February 1 | Issued 117,000 shares | |
| March 1 | Issued a 20% share dividend | |
| May 1 | Acquired 101,000 treasury shares | |
| June 1 | Issued a 3-for-1 share split | |
| October 1 | Reissued 62,000 treasury shares |
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Advanced Audit And Assurance Study Text
Authors: KAPLAN
1st Edition
178740398X, 978-1787403987
