On january 1 2015 wilke corp had 569000 shares of common


On January 1, 2015, Wilke Corp. had 569,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account. February 1 Issued 148,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 108,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 66,900 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2015. Assume that Wilke Corp. earned net income of $3,317,000 during 2015. In addition, it had 114,000 shares of 10%, $101 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2015. Compute earnings per share for 2015, using the weighted-average number of shares determined in part (a).

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Financial Accounting: On january 1 2015 wilke corp had 569000 shares of common
Reference No:- TGS01604123

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