Question 2 of 10 -/13 On January 1, 2021, Buffalo Corp. had 488,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 115,000 shares Issued a 10% stock dividend Acquired 96,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61.000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021 The weighted-average number of shares outstanding e Textbook and Media Assume that Buffalo Corp. earned net income of $3,330,000 during 2021. In addition, it had 105.000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021. using the weighted- average number of shares determined in part (a). (Round answer to 2 decimal places, es $2.55) Earnings Per Share $ MacBook Air "C 20 ODD > 19 FI F2 F3 F4 A # 3 $ 4 % 5 & 7 2 6 8 9 Ch 16: Homework Question 2 of 10 -/1 III Assume that Buffalo Corp. earned net income of $3,330,000 during 2021. In addition, it had 105,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted- average number of shares determined in part (a). (Round answer to 2 decimal places, es $2.55.) Earnings Per Share $ e Textbook and Media Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, es $2.55) Earnings Per Share $ e Textbook and Media Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $431.000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, es $2.55) MacBook Air esc FF 80 DOO ca 74 F6 11 F7 A # 3 2 $ 4 * % 5 & 7 6 a o Q W E R T 11 Ch 16: Homework Question 2 of 10 -/1 III Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2021. (Round answer to 2 decimal places, es $2.55.) Earnings Per Share $ e Textbook and Media Assume the same facts as in part (b), except that net income included a loss from discontinued operations of S431.000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, es $2.55) Buffalo Corp. Income Statement Save for Later Attempts: 0 of 3 used Submit Answer MacBook Air BO FI DOO > F2 3 FS F4 77 * N> # 3 $ 4 7 % 5 & 7 6 8 9 C IA T C
