- Wildhorse Inc Is Publicly Traded And Uses A Calendar Year For Financial Reporting The Company Is Authorized To Issue 5 1 (30.42 KiB) Viewed 21 times
Wildhorse Inc. is publicly traded and uses a calendar year for financial reporting. The
company is authorized to issue 50 million common shares. At no time has Wildhorse issued any potentially dilutive securities. The following is a summary of Wildhorse's common share activities: Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 5% 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 Weighted average number of common shares Wildhorse issued its 2020 financial statements on February 28, 2021. A 3-for-1 stock split of Wildhorse's common shares occurred on March 31, 2021. eTextbook and Media Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2019 comparative income
statement. Weighted average number of common shares: 6,540,000 327,000 eTextbook and Media 2,270,000 9,137,000 Calculate the weighted average number of common shares to use in calculating earnings per common share for 2019 on the 2020 comparative income
statement. Weighted average number of common shares eTextbook and Media 6867000 shares Calculate the weighted average number of common shares to use in calculating earnings per common share for 2020 on the 2020 comparative income
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