Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

q3 3 Except for the earnings per share statisties, the 2019, 2020, and 2021 income statements for Ace Group Inc were originally presented as follows:

q3
image text in transcribed
image text in transcribed
image text in transcribed
3 Except for the earnings per share statisties, the 2019, 2020, and 2021 income statements for Ace Group Inc were originally presented as follows: Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.) 2019 2020 2021 Sales 5 474 855 S 695 040 $1,006,900 327 570 Costs and expenses Profit from continuing operations Gain (loss) on discontinued operations Protos) $313.435 82 410 $ 155,244 $ 534,950 (109,325 3 Skipped 32,800 3,680 14,080 Information on Common Shares for Ace Group Inc, Shares outstanding on December 31, 2018 Purchase and retirement of shares on March 1, 2019 Sale of shares on June 1, 2019 Share dividend of 5% on August 1, 2019 Shares outstanding on December 31, 2019 Sale of shares on February 1, 2020 Purchase and retirement of shares on July 1, 2020 Shares outstanding on December 31, 2020 Sale of shares on March 1, 2021 Purchase and retirement of shares on September 1, 2021 Share split of 3.1 on October 1, 2021 Shares outstanding on December 31, 2021 6,560 1,840 18, 160 4,800 "No preferred shares have been issued. 3 No preferred shares have been issued 2. Calculate the weighted average number of common shares outstanding during the following years. (Do not round intermediate calculations. Round your answers to nearest whole number) 2019 2020 2921 Weighted averaon outstanding the 3. Prepare the earnings per share income statement presentation during the following year(Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) 2019 2020 2021 Prothrom continuing operation Ban (Los) from doinued operations 00015 0.005 0.00

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_2

Step: 3

blur-text-image_3

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

Sound Investing, Chapter 22 - Management Discussion And Analysis

Authors: Kate Mooney

1st Edition

007171944X, 9780071719445

More Books

Students also viewed these Accounting questions

Question

3. Explain the scope of MRP in manufacturing organizations.

Answered: 1 week ago