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How to compute weighted average number of common shares outstanding to be reported on comparative statements.

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How to compute weighted average number of common shares outstanding to be reported on comparative statements.

How to compute the basic earnings per share to be reported on comparative statements.

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Compute weighted average & basic earnings How to compute weighted average number of common shares outstanding to be reported on comparative statements

How to compute the basic earnings per share to be reported on comparative statements

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"Comparative Statement are the statement on which balance sheets, income statements, or statements of changes in financial position are assembled side by side for review purposes. Changes that have occurred in individual categories from year to year and over the years are easily noted. The key factor revealed is the trend in an account or financial statement category over time. A comparison of financial statements over two to three years can be undertaken by computing the year-to-year change in ...

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Discussion and example (with actual amounts) shown for you.

$2.19
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Compute the weighted average number of common shares outstanding. Compute the basic earnings per share.

On December 31, 1998, Mistery Inc. had 450,000 shares of no-par common stock issued and outstanding. All shares were sold for $7.50. On June 30, 1999, the firm issued an additional 135,000 shares for $7.00 per share. The 1999 income was $319,200. On September 1, 2000, a 15% stock dividend was issued to all common shareholders. On October 1, 2000, 60,000 shares were reaquired as treasury shares. Net income in 2000 was $278,063.

Compute the weighted average number of common shares outstanding for 1999 and 2000 that should be shown on comparative statements at the end of 2000.

Compute the basic earnings per share in 1999 and 2000 to be reported on comparitive statements at the end of 2000.

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