What is the weighted average shares outstanding to be used, Accounting Basics

+44 141 628 6080
[email protected]

What is the weighted average shares outstanding to be used

On January 1, 2014, Jay Company had 10,000 shares of $1 par common stock outstanding, and 4,000 shares of $100 par value, 7% cumulative, nonconvertible preferred stock. On April 1, 2014, Jay Company had a 2-for-1 stock split. On July 1, 2014, Jay Company issued 5,000 additional shares of common stock.

What is the weighted average shares outstanding to be used in basic earnings per share for 2014?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the weighted average shares outstanding to be used

Reference No:- TGS0685827

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : The monthly investment in fixed expenses

If the sales manager receives a bonus of 15 cents for each unit sold in excess of the break-even point, how many units must be sold each month to earn a return of 25% on the monthly investment in fixed expenses?

Q : Number of common shares outstanding during the period

Leverage Corporation had net income for the year of $600,000 and a weighted average number of common shares outstanding during the period of 200,000 shares.

Q : Income from the discharge of its debts

Discharge of debt. During bankruptcy, USA Corporation debt was reduced from $780,000 to $400,000. USA Corporation%u2019s assets are valued at $500,000. USA%u2019s NOL carryover was $400,000.

Q : What should fenton co report for diluted earnings

Fenton Co. had net income for 2014 of $400,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares.

Q : What is the weighted average shares outstanding to be used

On January 1, 2014, Jay Company had 10,000 shares of $1 par common stock outstanding, and 4,000 shares of $100 par value, 7% cumulative, nonconvertible preferred stock.

Q : Prepare the liability section of a classified balance

11% bonda with a face amount of $40 million were issued for $40 million on October 31, 2004. The bonds mature on October 31, 2024. Bondholders have the option of calling (demanding payment on) the bonds on October.

Q : The balance represented an award based

Matt sued the local newspaper for a story that reported he was affiliated with organized crime. The court awarded him $50,000 of libel damages.

Q : How much credit a company should get for cooperating

Until recently, the SEC was reluctant to hit companies with big fines for wrongdoing because the penalties hurt shareholders whose stock prices had already been hammered by scandal.

Q : How much were expenses for the year

If a company has $10,500,000 of revenues, declares and pays $550,000 in dividends, and has net income of $1,600,000, how much were expenses for the year?

1958972

Questions
Asked

3,689

Active Tutors

1428831

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the weighted average shares outstanding to be used

Reference No:- TGS0685827

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The monthly investment in fixed expenses

Q : Number of common shares outstanding during the period

Q : Income from the discharge of its debts

Q : What should fenton co report for diluted earnings

Q : What is the weighted average shares outstanding to be used

Q : Prepare the liability section of a classified balance

Q : The balance represented an award based

Q : How much credit a company should get for cooperating

Q : How much were expenses for the year

How teenagers in an impoverished urban area spend their time

Why you feel unpleasantly hot and sweaty

How ensure that the youth understand what study involves

Discuss social worker working with foster children

Describe the results, including any scores

Discuss children diagnosed with developmental disabilities

Problem concerning consensual sexual relationship

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the weighted average shares outstanding to be used

Reference No:- TGS0685827

Recent Questions Asked Accounting Basics

Q : The monthly investment in fixed expenses

Q : Number of common shares outstanding during the period

Q : Income from the discharge of its debts

Q : What should fenton co report for diluted earnings

Q : What is the weighted average shares outstanding to be used

Q : Prepare the liability section of a classified balance

Q : The balance represented an award based

Q : How much credit a company should get for cooperating

Q : How much were expenses for the year

Asked Questions