Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 202x, patrick corporation had 1,100,

On January 1, 202X, Patrick Corporation had 1,100,000 shares of common stock outstanding. On March...

90.2K

Verified Solution

Question

Accounting

On January 1, 202X, Patrick Corporation had 1,100,000 shares of common stock outstanding. On March 1, the corporation issued 175,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them.

Instructions

Compute the weighted average number of shares to be used in computing earnings per share for 202X.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The current stock price for a company is $37 per share, and there are 2 million...

Finance
Q

please , in your own words write a brief intorduction about credit rating agencies and the...

Finance
Q

Regarding the case on IBM Watson, watch the video in below and discuss your thoughts regarding...

Psychology
Q

Design a 8086 microprocessor base system that manage 1Mbyte of memory and can handle serial and...

Electrical Engineering
Q

A solid block is floating in a liquid as shown in the figure Distance h...

Physics
Q

For adults in the town of Bridgeport systolic blood pressure is normally distributed with a...

Geometry
Q

A pizza shop offers a special on a 2 topping pizza from a list of...

Basic Math
Q

From a group of 7 people you randomly select 4 of them What is the...

Basic Math
Q

Let f(x) = x^3x. Use logarithmic differentiation to determine the derivative.f'(x)= ______'(1)= ______

Calculus
Q

7 Which of these is not a Group A Exclusions A The Personal Auto Policy...

Algebra
Q

2) A 10 year bond with 5 years remaining is sold at a discoung of...

Accounting
Q

Tyler Trucks stock has an annual return mean and standard deviation of 9 percent and...

Finance