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Please show in excel :)) Intermediate Accounting II Chapter 18 Test Problem 1: (20 points) weighted Average Number of Shares Transactions involving the common stock
Please show in excel :))
Intermediate Accounting II Chapter 18 Test Problem 1: (20 points) weighted Average Number of Shares Transactions involving the common stock account of Big Company during the two-year period 2015 to 2016 were as follows: 2015 Jan. 1 Had a balance of 250,000 shares of $2 par common stock. Mar. 1 Converted S2,000,000 of convertible bonds with 50 shares issued for each si,000 bond. Aug. Declared a 10% stock dividend. Oct. i Employees exercised options to purchase 7,000 shares for S20 a share. 2016 Feb. 1 Declared a two-for-one stock split Oct. 1 Sold 170.000 shares for $30 a share. From the information given, compute the comparative number of weighted-average shares outstanding for 2015 and 2016 to be used for basic EPS computations at the end of 2016. Set up a schedule similar to the one in Exercise 23 in your textbook so you can show your workStep by Step Solution
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