Riverbed Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,160,000 shares of $12 p
Posted: Wed Mar 09, 2022 8:24 am
Riverbed Inc. uses a calendar year for financial reporting.
The company is authorized to issue 9,160,000 shares of
$12 par common stock. At no time has Riverbed issued
any potentially dilutive securities. Listed below is a summary
of Riverbed’s common stock activities.
2,130,000
255,600
1,840,000
4,225,600
(a)
New attempt is in progress. Some of the new entries may impact
the last attempt grading.
Your answer is incorrect.
Compute the weighted-average number of common shares used in
computing earnings per common share for 2019 on the 2020
comparative income statement.
The company is authorized to issue 9,160,000 shares of
$12 par common stock. At no time has Riverbed issued
any potentially dilutive securities. Listed below is a summary
of Riverbed’s common stock activities.
2,130,000
255,600
1,840,000
4,225,600
(a)
New attempt is in progress. Some of the new entries may impact
the last attempt grading.
Your answer is incorrect.
Compute the weighted-average number of common shares used in
computing earnings per common share for 2019 on the 2020
comparative income statement.