HWMod3

# HWMod3 - 7/1 - 8/1 5040000 1/12 420000 8/1- 11/1 5340000 1/...

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Problem 15-6 a) 1 -  Treasury Stock (280x\$97) \$27,160 Cash \$27,160 2 - Retained Earnings \$90,400 Dividends Payable (4,800-280)x20 \$90,400 3 - Dividends Payable \$90,400 Cash \$90,400 4 -  Cash (280x102) \$28,560 Treasury Stock (280x97) \$27,160 Additional Paid-In Capital (280x5) \$1,400 5 -  Treasury Stock (500x105) \$48,000 Cash \$48,000 6 -  Cash (350x96) \$33,600 Additional Paid-In Capital \$1,400 Retained Earnings \$1,750 Treasury Stock (350x105) \$36,750 b) Washington Company Stockholder's Equity December 31, 2011 Common stock, \$100 par value 480000 8000 shares, 4800 shares 4650 shares outstanding Retained Earnings 295850 Total Paid-In Capital/RE 775850 Less: Treasury Stock (150 Shar 15750 760100

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Problem 16-7_x000D_ a) Event Restatement 1/1 - 4/1 210000 2.0   1/ 4 1050000 4/1 - 7/1 2520000 2.0   1/ 4 1260000 Stock Split
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Unformatted text preview: 7/1 - 8/1 5040000 1/12 420000 8/1- 11/1 5340000 1/ 4 1335000 11/1 - 12/31 5316000 1/12 886000 Total number of Common Shares to Compute Basic Earnings per Share 4951000 b) Total number of Common Shares to Compute Basic Earnings per Share 4951000 Convertible (outstanding) preferred stock 630000 Convertible(converted) preferred stock 210000 Number of Shares to Compute Diluted Earnings 5791000 c) After-tax net income 11550000 P/S Dividends 31-Mar 525000 1200000 675000 1200000 ANI 10350000 Dates Outstanding Shares Outstandin g Fraction of year Weighted Shares Beginning Balance Conversio n of P/S Issued Shares Purchase of T/S June 30, Sept. 30, Dec 31...
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## This note was uploaded on 04/06/2011 for the course ACC 300 taught by Professor Barga during the Spring '11 term at St. Leo.

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HWMod3 - 7/1 - 8/1 5040000 1/12 420000 8/1- 11/1 5340000 1/...

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