Data Controls Corporation had 250,000 shares of common stock outstanding at the end of 2017. During 2018, the following
Posted: Sun Jul 03, 2022 3:52 pm
Data Controls Corporation had 250,000 shares of common stockoutstanding at the end of 2017. During 2018, the followingtransaction took place:
March 1 Issued 24,000 shares
June 1 3 for 1 stock split
August 1 Issued 60,000 shares
September 1 Issued a 20 percent stock dividend
October 1 Issued 16,000 shares
November 1 Purchased 15,000 shares to be held as a treasurystock
December 1 Reissued 5,000 of the shares held in treasury
Required:
You may use the Data COntrol Corp. has a simple capitalstructure. Compute the Weighted average of shares outstanding to beused in the earnings per share computations for 2018 and the numberof outstanding shares on December 31, 2018.
Answer must include: a table with
Event/ Average Data shares, # of shares, Stock split, stockdividends, pd. of time, weighted No. of
March 1 Issued 24,000 shares
June 1 3 for 1 stock split
August 1 Issued 60,000 shares
September 1 Issued a 20 percent stock dividend
October 1 Issued 16,000 shares
November 1 Purchased 15,000 shares to be held as a treasurystock
December 1 Reissued 5,000 of the shares held in treasury
Required:
You may use the Data COntrol Corp. has a simple capitalstructure. Compute the Weighted average of shares outstanding to beused in the earnings per share computations for 2018 and the numberof outstanding shares on December 31, 2018.
Answer must include: a table with
Event/ Average Data shares, # of shares, Stock split, stockdividends, pd. of time, weighted No. of