Question
Use the following information for questions 18, 19 & 20 Vuong and Sullivan, Inc. is authorized to issue 10,000,000 shares of $5 par value common
Use the following information for questions 18, 19 & 20
Vuong and Sullivan, Inc. is authorized to issue 10,000,000 shares of $5 par value common stock. The number of shares issued and outstanding on December 31, 2011 is 8,000,000. They record a 10% stock dividend on September 30, 2012 and then have a 3-for-1 stock split on May 31, 2013.
What is the weighted average number of common shares used for computing earnings per common share at December 31, 2011.
What is the weighted average number of common shares used for computing earnings per common share at December 31, 2012.
What is the weighted average number of common shares used for computing earnings per common share on December 31, 2013.
AN ANWER WITH A CLAER EXPALATION PLEASE.
Please answer the question for those who know the accounting well.
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