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Please answer in Excel format with proper labels and detailed formulas for a great rating. Thank you! Newton Inc. uses a calendar year for financial
Please answer in Excel format with proper labels and detailed formulas for a great rating. Thank you!
Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of exist10 par common stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newton's common stock activities. (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement. (b) Compute the weighted-average number of common shares used in computing earnings per common share for 2014 on the 2014 comparative income statement. (c) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 comparative income statement. (d) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 comparative income statementStep by Step Solution
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