Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Inc., a publicly traded company, had 2 1 0 , 0 0 0 common shares outstanding on December 3 1 , 2 0 2

Oriole Inc., a publicly traded company, had 210,000 common shares outstanding on December 31,2022. During 2023, the company
issued 7,500 shares on May 1 and retired 15,000 shares on October 31. For 2023, the company reported net income of $170,000
after a loss from discontinued operations of $63,750(net of tax).
(a)
V Your answer is correct.
Calculate the weighted average number of common shares.
Weighted average number of common shares
212500
shares
e Textbook and Media
Attempts: 1 of 3 used
SUPPORT
(b).(b)
Calculate earnings per share for 2023 as it should be reported to shareholders. (Round answers to 2 decimal places, e.g.15.25. Enter
negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
Earnings per share
Income per share before discontinued operations
Discontinued operations loss per share, net of tax
Net income per share

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

Step: 3

blur-text-image

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

Assurance And Auditing

Authors: Thomas Nelson

1st Edition

0170111342, 978-0170111348

More Books

Students also viewed these Accounting questions

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago