Skysong Corporation began its latest fiscal year on January 1, 2021, with 490,000 common shares outstanding. During the year, the following events occurred:

●   On February 1, Skysong sold 14,800 additional common shares. ●   The company declared and issued a 25% stock dividend on March 1. ●   On June 1, Skysong repurchased and cancelled 3,700 common shares. ●   An additional 4,900 common shares were issued on July 1. ●   On September 1, Skysong declared and issued a three-for-one stock split. ●   On December 1, Skysong issued an additional 14,100 shares. ●   Following the fiscal year, Skysong declared and issued a two-for-one stock split on February 1, 2022.

The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Skysong should use for calculating its EPS numbers for 2021.

Weighted average number of common shares   Enter your answer in accordance to the question statement

 

Exercise 16-15

Newton Inc. uses a calendar year for financial reporting. Thecompany is authorized to issue 9,180,000 shares of $12 par commonstock. At no time has Newton issued any potentially dilutivesecurities. Listed below is a summary of Newton’s common stockactivities.

A) Compute the weighted-average number of common shares used incomputing earnings per common share for 2013 on the 2014comparative income statement.

B) Compute the weighted-average number of common shares used incomputing earnings per common share for 2014 on the 2014comparative income statement.

C)Compute the weighted-average number of common shares to beused in computing earnings per common share for 2014 on the 2015comparative income statement.

D) Compute the weighted-average number of common shares to beused in computing earnings per common share for 2015 on the 2015comparative income statement.

Weighted Average Shares

At the beginning of 2011, Hardin Company had 290,000 shares of$10 par common stock outstanding. During the year, it engaged inthe following transactions related to its common stock:

Required:

1. Determine the weighted average number of shares outstandingfor computing the current earnings per share. Round your interimcomputations and final answer for the number of shares to nearestwhole number.

The answer is not 0 or 499467 shares​.

2. Determine the number of common shares outstanding at December31, 2011.

Number of common shares outstanding at December 31, 2011 =737200 + 53000 = 790200 shares: this is correct.

I only need #1 answered. Please explain how you got your answer.Thank you!

On January 1, 2015, Warren Corporation had 980,000 shares ofcommon stock outstanding. On March 1, the corporation issued140,000 new shares to raise additional capital. On July 1, thecorporation declared and issued a 2-for-1 stock split. On October1, the corporation purchased on the market 480,000 of its ownoutstanding shares and retired them.

Compute the weighted-average number of shares to be used incomputing earnings per share for 2015.