Altoona Company began the year with 300, 000 shares of $4 par common stock. On May 1, they issued 150, 000 shares. On July 1, they issued 25, 000 shares. On September 1, Altoona experienced a 4 for 1 stock split, and on October 1, they repurchased 25,000 shares and placed them in the treasury. Prepare a schedule showing the weighted average shares for the year to be used in earnings per share calculations. Please show all work.

In a recent annual report, Rosh Corporation disclosed that 60,800,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 36,436,357 shares had been issued and the number of shares in treasury stock was 7,251,269. During the year, 562,765 additional shares were issued, and the number of treasury shares increased by 3,074,188. Determine the number of shares outstanding at the end of the year. Note: Amounts to be deducted should be indicated by a minus sign. Computation of Shares Outstanding Issued shares Treasury stock Shares outstanding

Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?

During its first year of operations, Bramble Corporation had the following transactions pertaining to its common stock. Jan. 10   Issued 81,500 shares for cash at $6 per share. Mar. 1   Issued 5,000 shares to attorneys in payment of a bill for $36,200 for services rendered in helping the company to incorporate. July 1   Issued 33,300 shares for cash at $8 per share. Sept. 1   Issued 62,400 shares for cash at $10 per share. (a)       Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.)

Milo Co. had 795,000 shares of common stock outstanding as of January 1. On May 1, they issued 145,000 shares of common stock. On September 1, Milo Co. purchased 61,000 shares of treasury stock. On November 1, they issued 59,000 shares of common stock. Calculate the weighted average shares outstanding for the year.

Marcy Company had 30,000 shares of common stock at the beginning of the year. On July 1, it issued 3,000 shares; on November 2, it issued another 3,000 shares; and on December 1, it reacquired 1,000 shares of treasury stock. What is its weighted average number of shares for the year?

Hickory Inc. experienced the following stockholders' equity transactions (listed in chronological order) during it's first year of operations. Based on these transactions, calculate the balances that would appear in the stockholders' equity accounts listed below.   Formatting: Please round to the nearest dollar and do not use dollar signs (i.e. enter '1,000' rather than '$1,000'). All numbers should be positive.                   Common Stock, 100,000 shares of $1 par value common stock authorized         Preferred Stock, 50,000 shares of $10 par value preferred stock authorized         1 Issued 5,000 common shares at $30 per share       2 Exchanged 4,000 preferred shares for a piece of equipment with a fair value of $49,000.   3 Issued 2,500 common shares at $25 per share       4 Purchased 500 of own common shares on the open market at $24 per share   5 Declared a 30% common stock dividend. Common stock was trading at $23 per share on the date of declaration.…

Brewer, Inc. had the following data related to its common shares: Shares outstanding at 1/130,000 2 for 1 stock split at 3/31 Stock issuance at 6/30 1,000 What is the weighted average number of shares Brewer, Inc. should use to calculate its basic earnings per share for the year? 62,000 shares 61,000 shares 60,500 shares 31,000 shares