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Pina Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,610,000 shares of $10 par common stock. At no time
Pina Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,610,000 shares of $10 par common stock. At no time has Pina issued any potentially dilutive securities. Listed below is a summary of Pina's common stock activities. 2. 3. 4. (a) Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2-for-1 stock split of Pina's common stock took place on March 31, 2021 eTextbook and Media 1,920,000 shares 192,000 2,060,000 Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. 4,172,000
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