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Whispering Inc. uses a calendar year for financial reporting. The company...

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Accounting

Whispering Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,480,000 shares of $10 par common
stock. At no time has Whispering issued any potentially dilutive securities. Listed below is a summary of Whispering's common stock
activities.
Number of common shares issued and outstanding at December 31,2018
1,900,000
Shares issued as a result of a 10% stock dividend on September 30,2019
190,000
Shares issued for cash on March 31,2020
2,130,000?
Number of common shares issued and outstanding at December 31,2020
=4,220,000
A 2-for-1 stock split of Whispering's common stock took place on March 31,2021eTextbook and Media
Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020
comparative income statement.
shares
eTextbook and Media
Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the
2021 comparative income statement.
shares
image

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