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Windsor Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $12 par common stock. At no time
Windsor Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $12 par common stock. At no time has Windsor issued any potentially dilutive securities. Listed below is a summary of Windsor's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2015 2. Shares issued as a result of a 12% stock dividend on September 30, 2016 3. Shares issued for cash on March 31, 2017 2,160,000 259,200 2,190,000 4,609,200 Number of common shares issued and outstanding at December 31, 2017 A 2-for-1 stock split of Windsor's common stock took place on March 31, 2018 4. Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement. shares LINK TO TEXT Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement shares
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