Blossom Inc. uses a calendar year for financial reporting. The company is authorized to issue...
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Blossom Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time has Blossom issued any potentially dilutive securities. Listed below is a summary of Blossom's common stock activities. 1. 2. 3. 4. (a) Number of common shares issued and outstanding at December 31, 2023 Shares issued as a result of a 12% stock dividend on September 30, 2024 Shares issued for cash on March 31, 2025 Number of common shares issued and outstanding at December 31, 2025 A 2-for-1 stock split of Blossom's common stock took place on March 31, 2026 2,030,000 243,600 2,030,000 4,303,600 Compute the weighted-average number of common shares used in computing earnings per common share for 2024 on the 2025 comparative income statement.
Blossom Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time has Blossom issued any potentially dilutive securities. Listed below is a summary of Blossom's common stock activities. (a) Compute the weighted-average number of common shares used in computing earnings per common share for 2024 on the 2025 comparative income statement
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