Business, 16.11.2019 01:31 ryanez5306

Pronghorn 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 pronghorn issued any potentially dilutive securities. listed below is a summary of pronghorn’s common stock activities.
1. number of common shares issued and outstanding at december 31, 2015 1,900,000
2. shares issued as a result of a 10% stock dividend on september 30, 2016 190,000
3. shares issued for cash on march 31, 2017 2,130,000
number of common shares issued and outstanding at december 31, 2017 4,220,000
4. a 2-for-1 stock split of pronghorn’s common stock took place on march 31, 2018
required:
1) compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement
2) compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement
3) compute the weighted-average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement.
4) compute the weighted-average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 22:00

Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.

Answers: 2

Answer

Business, 22.06.2019 03:00

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Answers: 1

Answer

Business, 22.06.2019 04:10

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Answers: 2

Answer

Business, 22.06.2019 13:40

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Answers: 2

Answer

You know the right answer?

Pronghorn inc. uses a calendar year for financial reporting. the company is authorized to issue 8,48...

Questions