{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-05T11:15:15-04:00", "answer_date": "2024-06-05 11:15:15", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2287673", "url": "\/study-help\/questions\/wildhorse-inc-uses-a-calendar-year-for-financial-reporting-the-2287673", "question_creation_date_js": "2024-06-05T11:15:15-04:00", "question_creation_date": "Jun 05, 2024 11:15 AM", "meta_title": "[Solved] Wildhorse Inc. uses a calendar year for f | SolutionInn", "meta_description": "Answer of - Wildhorse Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,680,000 shares of $1 | SolutionInn", "meta_keywords": "wildhorse,inc,calendar,year,financial,reporting,company,authorized,issue,9,680,000,shares,$10", "question_title_h1": "Wildhorse Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,680,000 shares of $10 par common stock. At no time", "question_title": "Wildhorse Inc. uses a calendar year for financial reporting. The company is", "question_title_for_js_snippet": "Wildhorse Inc uses a calendar year for financial reporting The company is authorized to issue 9,680,000 shares of $10 par common stock At no time has Wildhorse issued any potentially dilutive securities Listed below is a summary of Wildhorse's common stock activities 1 Number of common shares issued and outstanding at December 31, 2018 2,000,000 2 Shares issued as a result of a 10 stock dividend on September 30, 2019 200,000 3 Shares issued for cash on March 31, 2020 1,940,000 Number of common shares issued and outstanding at December 31, 2020 4,140,000 4 A 2 for 1 stock split of Wildhorse's common stock took place on March 31, 2021 (b) Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement shares", "question_description": "\"image\"image Wildhorse Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,680,000 shares of $10 par common stock. At no time has Wildhorse issued any potentially dilutive securities. Listed below is a summary of Wildhorse's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,000,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 200,000 3. Shares issued for cash on March 31, 2020 1,940,000 Number of common shares issued and outstanding at December 31, 2020 4,140,000 4. A 2-for-1 stock split of Wildhorse's common stock took place on March 31, 2021 (b) Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. shares", "transcribed_text": "", "related_book": { "title": "Intermediate accounting", "isbn": "978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094", "edition": "7th edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/270.jpg", "uri": "\/textbooks\/intermediate-accounting-7th-edition-270", "see_more_uri": "" }, "free_related_book": { "isbn": "0548806896", "uri": "\/textbooks\/bodily-changes-in-pain-hunger-fear-and-rage-1st-edition-978-0548806890-268324", "name": "Bodily Changes In Pain Hunger Fear And Rage", "edition": "1st Edition" }, "question_posted": "2024-06-05 11:15:15", "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": "\/refer-to-exercise-1032-as-mentioned-in-that-exercise-according", "description": "Refer to Exercise 10.32. As mentioned in that exercise, according to the credit rating agency Equifax, credit limits on newly issued credit cards increased between January 2011 and May 2011. 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