Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 16-15 (part level submission) ayayai inc.

Exercise 16-15 (Part Level Submission) Ayayai Inc. uses a calendar year for financial reporting. The...

70.2K

Verified Solution

Question

Accounting

image

Exercise 16-15 (Part Level Submission) Ayayai Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,420,000 shares of $12 par common stock. At no time has Ayayai issued any potentially dilutive securities. Listed below is a summary of Ayayai's common stock activities. 1. 2. 3. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 12% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A2-for-1 stock split of Ayayai's common stock took place on March 31, 2021 2,010,000 241,200 2,060,000 4,311,200 4. v (a) Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. shares Click if you would like to Show Work for this question: Open Show Work

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students