Question
Part 1. (5 marks) You are given the following information about JKJ Ltd.: 42,000 common shares outstanding on January 1, 2019 20,000 shares sold on
Part 1. (5 marks) You are given the following information about JKJ Ltd.:
42,000 common shares outstanding on January 1, 2019
20,000 shares sold on May 1, 2019
10,000 shares were repurchased and cancelled on July 1, 2019
3 for 1 Stock split recorded on December 1, 2019
Net Income for the year $810,000
Required: a) Calculate the weighted average number of shares outstanding for JKJ for the year ended December 31, 2019. Round to the nearest whole number
b. Compute the basic EPS for the company for the year ended December 31, 2019. Round your answer to 2 decimal places.
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Cost Accounting A Managerial Emphasis International
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
8120323548, 978-8120323544
