Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

provide correct answer. Splish Corporation began its latest fiscal year on January 1, 2021, with 470,000 common shares outstanding. During the year, the following events

provide correct answer. image text in transcribed
Splish Corporation began its latest fiscal year on January 1, 2021, with 470,000 common shares outstanding. During the year, the following events occurred: . On February 1, Splish sold 14,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1. Splish repurchased and cancelled 3,700 common shares. An additional 4 700 common shares were issued on July 1. On September 1, Splish declared and issued a three-for-one stock split On December 1. Splish issued an additional 13,500 shares. Following the fiscal year, Splish declared and issued a two-for-one stock split on February 1, 2022 . The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Splish should use for calculating its EPS numbers for 2021 Weighted average number of common shares

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

11th Edition

978-0132568968, 9780132568968

More Books

Students also viewed these Accounting questions