What are the calculation of Weighted average shares and earnings per share? | |
Trial Balance Dec 1 2018 Common Stock, $1 par, 35,000 shares issued and outstanding | | | | | | | |
| | | | | | | |
Dec 4 2018 | Bought back 5000 shares of stock for $20 per share | | | |
Dec 5 2018 | Issued 5000 share of restricted stock to it CFO. The stock has a fair value of $72000 |
| The service period related to this restricted stock is 3 years. Vesting occurs if the CFO |
| stays with the company for 3 years. The par value of the stock is $1 | | |
Dec 16 2018 | Issued 1000 shares of common stock at $16 per share | | | |
Dec 24 2018 | Sold 2500 share of Treasury stock for $23 per share | | | |
Dec 31 2018 | Declared dividends of $15,000 | | | | |
31-Dec | Net Income 315,253 from multistep Income Statement | | | |
Rebecca Kladder QUESTION Excel PREPARE A ML TIPLE STIP INCOME STATEMENTINCLUDING CALCULATIONS on WIGHTED AVERAGE SHARES AND EARNNGS PER SHALE Multistep income Statement 1331100 Sales Cost of Goods Sold -622379 Gross Profit 708721 Less Operating Expense Compensation Expense Salares Expense Rent Expense 24000 52000 34400 Bad Debt Expense Payroll Tar Expense Advartsing Expense Insurance Expense Supplies Expense Depraciation Expense- 27880 9790 22000 46750 3150 44014 Amortization Expenser Utilities Expense Misc. Expanse Total Operating Expenser 5000 6000 2500 276484 Income from Operations 432237 Less Interest Expense Add: Unrealed gain -12400) 15000 Less Realizad losses 1000 Income before Tax 420337 Income Tax Expense 105084 Net income 315253 276 What are the calculation of Welghted average shares and earning per share? Trial Balance Dec 1 2018 Common Stock, $1 par, 35,000 shares bued and out standing June 30 2018 issued 5000 shares of common stock $1par for 35,000 Dec 4 2018 Bought back 5000 shares of stock for $20 per share Issued 5000 share of restricted stock to it CFO. The stock has a fair value of $72000 The service pariodrdated to this restricted stock is 3 years Vesting occurs if the C stays with the company for 3 years. The par value of the stock is $1 Ispaed 1000 shares of common stock at $16 per share Dec 5 2018 Dec 16 2018 Dec 24 2018 Dec 31 2018 Sold 2500 share of Treasury stock for $23 per share Declared dividends of $15.000 Rebecca Kladder QUESTION Excel PREPARE A ML TIPLE STIP INCOME STATEMENTINCLUDING CALCULATIONS on WIGHTED AVERAGE SHARES AND EARNNGS PER SHALE Multistep income Statement 1331100 Sales Cost of Goods Sold -622379 Gross Profit 708721 Less Operating Expense Compensation Expense Salares Expense Rent Expense 24000 52000 34400 Bad Debt Expense Payroll Tar Expense Advartsing Expense Insurance Expense Supplies Expense Depraciation Expense- 27880 9790 22000 46750 3150 44014 Amortization Expenser Utilities Expense Misc. Expanse Total Operating Expenser 5000 6000 2500 276484 Income from Operations 432237 Less Interest Expense Add: Unrealed gain -12400) 15000 Less Realizad losses 1000 Income before Tax 420337 Income Tax Expense 105084 Net income 315253 276 What are the calculation of Welghted average shares and earning per share? Trial Balance Dec 1 2018 Common Stock, $1 par, 35,000 shares bued and out standing June 30 2018 issued 5000 shares of common stock $1par for 35,000 Dec 4 2018 Bought back 5000 shares of stock for $20 per share Issued 5000 share of restricted stock to it CFO. The stock has a fair value of $72000 The service pariodrdated to this restricted stock is 3 years Vesting occurs if the C stays with the company for 3 years. The par value of the stock is $1 Ispaed 1000 shares of common stock at $16 per share Dec 5 2018 Dec 16 2018 Dec 24 2018 Dec 31 2018 Sold 2500 share of Treasury stock for $23 per share Declared dividends of $15.000