potion fr N Cral www Bande Cypt REXALOS. MinCredit Cardspot Question 4 of 4 > 0/1.25 Charles Austin of the controller's office of Waterway Corporation was then of determining the buicandduled earning per share values for the year ending December 31, 2001. Autocompiled the information listed below. 1 The company thorade.720.000 shares of 10 par value.common stock. As of December 2020. 1.930,000 had been dond wording The resortance of the common stockonsected dates were as follow July 1, 2020 12021 Ar.2031 N12021 August 2021 Nov 12021 Del 1.2023 Price per Share 520.00 21.00 3500 11.00 10.50 9.00 0.00 3 Ano 630.01.140.000 foto www 25.00 sendo bom forelerred to other como be cond Dive March Www Chem. 2005.10.900.000 5 thetic Theme to Do 2000 A thHUN Nettia f FB NA www mal Amazon plo Pois brunce 0/1.25 E Question 4 of 4 The following specific activities took place during 2021 1. 2 4. 5. January 1-A5% common stock dividend was issued. The dividend had been declared on December 1, 2020, to all stockholders of record on December 29, 2020. April 1-A total of 421,200 shares of the $3 convertible preferred stock was converted into common stock. The company Issued new common stock and retired the preferred stock. This was the only conversion of the preferred stock during 2021 July 1-A2-for 1 split of the common stock became effective on this date. The board of directors hud authorized the split on June 1 August 1-A total of 286,800 shares of common stock were issued to acquire a factory building, November 1-A total of 26,400 shares of common stock were purchased on the open market at $9.00 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2021 Common stock cash dividends-Cash dividends to common stockholders were declared and paid as follows. April 15-50,30 per share October 15-50.20 pershare Preferred stock cash dividendo-Cash dividends to preferred stocicholders were declared and paid as scheduled. 6. ta) Determine the number of shares used to compute basic earnings per share for the year ended December 31, 2021. Round answer to decimal places. $1,500) Number of shares to computer basic earnings per share 4790000 b) Determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2021. Round answer to decimal places $1.500) Number of shares to compute diluted earnings per share 5665760 le Compute the adjusted net income to be used the numerator in the basic earnings per there calculation for the year ended December 21 2021 Charles Austin of the controller's office of Waterway Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2021. Austin has compiled the information listed below. 1. The company is authorized to issue 7,720.000 shares of $10 par value common stock As of December 31, 2020, 1,930,000 shares had been issued and were outstanding The per share market prices of the common stock on selected dates were as follows. 2 July 1, 2020 January 1, 2021 April 1,2021 July 1, 2021 August 1,2021 November 1, 2021 December 31, 2021 Price per Share $20.00 21.00 25.00 11.00 10.50 9.00 10.00 3. A total of 630,000 shares of an authorized 1,140,000 shares of convertible preferred stock had been issued on July 1.2020. The stock was issued at its par value of $25.00, and it has a cumulative dividend of $3 per share. The stock is convertible into common stock at the rate of one share of convertible preferred for one share of common. The rate of conversion is to be automatically adjusted for stock splits and stock dividends. Dividends are paid quarterly on September 30, December 31. March 31, and June 30. Waterway Corporation is subject to a 20% income tax rate. The after tax net income for the year ended December 31, 2021. was $10.980,000. 4. S. The following specific activities took place during 2021 1. January 1A SX concestockalicend was sed. The dividend had been declaredo December 1, 2020. to all Stockholders card on December 29, 2020 April+Alta 1.200 at the storitererred Mock was converted into common stock. The company ad con stock and tired epitect his was the only one on offee stockouing 2021 2. Question 4 of 4 0/ 1.25 4. 5. July 1-A2-for-1 split of the common stock became effective on this date. The board of directors had authorized the split on June 1 August 1-A total of 286,800 shares of common stock were issued to acquire a factory building November 1 A total of 26.400 shares of common stock were purchased on the open market at $9.00 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2021. Common stock cash dividends--Cash dividends to common stockholders were declared and paid as follows. April 15-50,30 per share October 15- $0.20 per share Preferred stock cash dividends-Cash dividends to preferred stockholders were declared and paid as scheduled. 6. 7. (a) Determine the number of shares used to compute basic earnings per share for the year ended December 31, 2021. (Round answer to O decimal places a $1.500) Number of shares to compute basic earnings per share 5299900 (b) Determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2021. (Round answer to decimal ploos, es $1.500.) Number of shares to compute diluted earnings per share 5885760 Id Comaute the adjusted net income to be used as the numerator in the basic eamings per the calculation for the year ended December 31, 2021 Adjusted income $ Honda Textbook and Media URZACUN potion fr N Cral www Bande Cypt REXALOS. MinCredit Cardspot Question 4 of 4 > 0/1.25 Charles Austin of the controller's office of Waterway Corporation was then of determining the buicandduled earning per share values for the year ending December 31, 2001. Autocompiled the information listed below. 1 The company thorade.720.000 shares of 10 par value.common stock. As of December 2020. 1.930,000 had been dond wording The resortance of the common stockonsected dates were as follow July 1, 2020 12021 Ar.2031 N12021 August 2021 Nov 12021 Del 1.2023 Price per Share 520.00 21.00 3500 11.00 10.50 9.00 0.00 3 Ano 630.01.140.000 foto www 25.00 sendo bom forelerred to other como be cond Dive March Www Chem. 2005.10.900.000 5 thetic Theme to Do 2000 A thHUN Nettia f FB NA www mal Amazon plo Pois brunce 0/1.25 E Question 4 of 4 The following specific activities took place during 2021 1. 2 4. 5. January 1-A5% common stock dividend was issued. The dividend had been declared on December 1, 2020, to all stockholders of record on December 29, 2020. April 1-A total of 421,200 shares of the $3 convertible preferred stock was converted into common stock. The company Issued new common stock and retired the preferred stock. This was the only conversion of the preferred stock during 2021 July 1-A2-for 1 split of the common stock became effective on this date. The board of directors hud authorized the split on June 1 August 1-A total of 286,800 shares of common stock were issued to acquire a factory building, November 1-A total of 26,400 shares of common stock were purchased on the open market at $9.00 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2021 Common stock cash dividends-Cash dividends to common stockholders were declared and paid as follows. April 15-50,30 per share October 15-50.20 pershare Preferred stock cash dividendo-Cash dividends to preferred stocicholders were declared and paid as scheduled. 6. ta) Determine the number of shares used to compute basic earnings per share for the year ended December 31, 2021. Round answer to decimal places. $1,500) Number of shares to computer basic earnings per share 4790000 b) Determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2021. Round answer to decimal places $1.500) Number of shares to compute diluted earnings per share 5665760 le Compute the adjusted net income to be used the numerator in the basic earnings per there calculation for the year ended December 21 2021 Charles Austin of the controller's office of Waterway Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2021. Austin has compiled the information listed below. 1. The company is authorized to issue 7,720.000 shares of $10 par value common stock As of December 31, 2020, 1,930,000 shares had been issued and were outstanding The per share market prices of the common stock on selected dates were as follows. 2 July 1, 2020 January 1, 2021 April 1,2021 July 1, 2021 August 1,2021 November 1, 2021 December 31, 2021 Price per Share $20.00 21.00 25.00 11.00 10.50 9.00 10.00 3. A total of 630,000 shares of an authorized 1,140,000 shares of convertible preferred stock had been issued on July 1.2020. The stock was issued at its par value of $25.00, and it has a cumulative dividend of $3 per share. The stock is convertible into common stock at the rate of one share of convertible preferred for one share of common. The rate of conversion is to be automatically adjusted for stock splits and stock dividends. Dividends are paid quarterly on September 30, December 31. March 31, and June 30. Waterway Corporation is subject to a 20% income tax rate. The after tax net income for the year ended December 31, 2021. was $10.980,000. 4. S. The following specific activities took place during 2021 1. January 1A SX concestockalicend was sed. The dividend had been declaredo December 1, 2020. to all Stockholders card on December 29, 2020 April+Alta 1.200 at the storitererred Mock was converted into common stock. The company ad con stock and tired epitect his was the only one on offee stockouing 2021 2. Question 4 of 4 0/ 1.25 4. 5. July 1-A2-for-1 split of the common stock became effective on this date. The board of directors had authorized the split on June 1 August 1-A total of 286,800 shares of common stock were issued to acquire a factory building November 1 A total of 26.400 shares of common stock were purchased on the open market at $9.00 per share. These shares were to be held as treasury stock and were still in the treasury as of December 31, 2021. Common stock cash dividends--Cash dividends to common stockholders were declared and paid as follows. April 15-50,30 per share October 15- $0.20 per share Preferred stock cash dividends-Cash dividends to preferred stockholders were declared and paid as scheduled. 6. 7. (a) Determine the number of shares used to compute basic earnings per share for the year ended December 31, 2021. (Round answer to O decimal places a $1.500) Number of shares to compute basic earnings per share 5299900 (b) Determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2021. (Round answer to decimal ploos, es $1.500.) Number of shares to compute diluted earnings per share 5885760 Id Comaute the adjusted net income to be used as the numerator in the basic eamings per the calculation for the year ended December 31, 2021 Adjusted income $ Honda Textbook and Media URZACUN