{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-19T00:05:56-04:00", "answer_date": "2024-09-19 00:05:56", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "11700226", "url": "\/study-help\/questions\/questions-a-compute-the-weightedaverage-number-of-common-shares-used-11700226", "question_creation_date_js": "2024-09-19T00:05:56-04:00", "question_creation_date": "Sep 19, 2024 12:05 AM", "meta_title": "[Solved] Questions: A) Compute the weighted-averag | SolutionInn", "meta_description": "Answer of - Questions: A) Compute the weighted-average number of common shares used in computing earnings per common share for 201 | SolutionInn", "meta_keywords": "questions,compute,weighted-average,number,common,shares,computing,earnings,per,share,2019,2020", "question_title_h1": "Questions: A) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. B)", "question_title": "Questions: A) Compute the weighted-average number of common shares used in computing", "question_title_for_js_snippet": "Questions A) Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement B) Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement C) Compute the weighted average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement D) Compute the weighted average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement Swifty Inc uses a calendar year for financial reporting The company is authorized to issue 8,480,000 shares of $10 par common stock At no time has Swifty issued any potentially dilutive securities Listed below is a summary of Swifty's common stock activities 1 2 Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10 stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2 for 1 stock split of Swifty's common stock took place on March 31, 2021 1,900,000 190,000 2,130,000 4,220,000 3 4", "question_description": "

\"imageQuestions:<\/p>

A) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement.<\/p>

B) Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement.<\/p>

C) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement.<\/p>

D) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement.<\/p> Swifty Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,480,000 shares of $10 par common stock. At no time has Swifty issued any potentially dilutive securities. Listed below is a summary of Swifty's common stock activities. 1. 2. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2-for-1 stock split of Swifty's common stock took place on March 31, 2021 1,900,000 190,000 2,130,000 4,220,000 3. 4", "transcribed_text": "", "related_book": { "title": "College Accounting", "isbn": "1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192", "edition": "20th Edition", "authors": "Heintz and Parry", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/73.jpg", "uri": "\/textbooks\/college-accounting-20th-edition-73", "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-19 00:05:56", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/supervision-concepts-skill\/is-it-hard-for-you-to-forgive-someone-who-has-2026220", "description": "Is it hard for you to forgive someone who has seriously hurt you? a. Yes b. No c. It is not hard to forgive him, but you dont forget. P-635", "stars": 0 }, { "url": "\/minnows-corporation-began-operations-in-2014-at-the-beginning-of", "description": "Minnows Corporation began operations in 2014. At the beginning of the year, the company purchased plant assets of $1,800,000, with an estimated useful life of 10 years and no residual value. During...", "stars": 3.5 }, { "url": "\/study-help\/questions\/questions-a-compute-the-weightedaverage-number-of-common-shares-used-11700226", "description": "Questions: A) Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. B) Compute the weighted-average...", "stars": 3.5 }, { "url": "\/study-help\/questions-and-answers\/nordic-company-issued-bonds-with-the-following-provisions-maturity-value-31100", "description": "Nordic Company issued bonds with the following provisions: Maturity value: $60,000,000. Interest: 7.9 percent per annum payable semi-annually each June 30 and December 31. Terms: Bonds dated January...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-meant-by-career-planning-and-development-9458354", "description": "What is meant by Career Planning and development ?", "stars": 3 }, { "url": "\/study-help\/questions\/what-are-fringe-benefits-list-out-some-9458356", "description": "What are Fringe Benefits ? List out some.", "stars": 3 }, { "url": "\/study-help\/questions\/suppose-the-fictional-country-of-katmai-produces-only-two-goods-5330421", "description": "Suppose the fictional country of Katmai produces only two goods: sorghum and microprocessors. The following graph plots Katmai's current production possibilities frontier, and includes six different...", "stars": 3 }, { "url": "\/study-help\/questions\/cost-of-normal-spoilage-caused-by-nature-of-job-frieling-5611177", "description": "Cost of Normal Spoilage Caused by Nature of Job Frieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/qs-99-algo-recording-employer-payroll-taxes-lo-p3-during-11700225", "next": "\/study-help\/questions\/duggan-company-applies-manufacturing-overhead-to-jobs-on-the-basis-11700227" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Questions: A) Compute the weighted-average number of common shares used in computing", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/questions-a-compute-the-weightedaverage-number-of-common-shares-used-11700226" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }: "1" } }