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PLEASE SHOW ALL WORK! THANK YOU! Exercise 16-15 Sweet Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares
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Exercise 16-15 Sweet Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares of $12 par common stock. At no time has Sweet issued any potentially dilutive securities. Listed below is a summary of Sweet's common stock activities. 1. 2. 3. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 12% 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 Sweet's common stock took place on March 31, 2021 2,040,000 244,800 1,870,000 4,154,800 4. Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares shares LINK TO TEXT Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. shares C shares shares LINK TO TEXT Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement. c shares shares LINK TO TEXT Compute the weighted average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement. shares sharesStep by Step Solution
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