On January 1, 2024, Martinez Enterprises Inc. had 61,000 common shares, recorded at $366,000. The company follows IFRS. During the year, the following transactions occurred: Apr. 1 Issued 4,000 common shares at $8 per share. June 15 Sept. 21 Nov. 1 Dec. 20 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share on June 15. Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time. Issued 3,000 common shares at $20 per share. Repurchased 10,000 common shares for $18 per share. This was the first time Martinez had repurchased its own shares. Record each of the transactions. Keep a running balance of the average per share amount of the common shares. (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 O for the amounts. Record journal entries in the order presented in the problem. Round the average per share to three decimal places, e.g. 5.271 and final answers to O decimal places, e.g. 5,271. List all debit entries before credit entries.) Date 2024 Account Titles Debit Credit

Clair, Inc. reports net income of $700,000. It declares and pays dividends of $100,000 for the year, one-half of which relate to the preferred shares. The weighted average number of ordinary shares outstanding during the year is 200,000 shares, and the weighted average number of preferred shares outstanding during the year is 10,000 shares. Rounded to the nearest cent, earnings per share for Clair, Inc. is O $2.95. O $3.00. O $3.25. O $3.18.

The following transactions occurred for Rothman Corp. during 2024, its first quarter of operations (fiscal year ending Dec. 31): 1. 2. On Oct. 5, Rothman issued 2000 shares of $10 par common stock in an IPO and 400 shares of $40 par preferred stock for a lump sum of $85,000 cash. The values of the common and preferred stock were appraised separately at $30 and $50 per share, respectively. On Oct. 20, Rothman declared an 80% common stock dividend, when the market value per share of the common stock was $32. 3. On Dec. 5, the common stock dividend was issued. 4. On Dec. 20, a 3-for-1 stock split occurred for common stock. 5. On Dec. 30, Rothman purchased 100 shares of its own common stock for $14 per share. Instructions: A. Prepare the general journal entries to record each of the above transactions. B. Determine the number of common shares (1) issued and (2) outstanding at Dec. 31, 2024.

On January 1 2018, ACI Ltd. had 5,80,000 shares of common stock outstanding . During2018, it had the following transactions that affected the common stock account:February-1 Issued 1,50,000 shares.March-1 Issued a 20% stock dividend.May-1 Acquired 1,00,000 shares of treasury stock.June-1 Issued a 4 for 1 stock split.October-1 Reissued 60,000 shares of treasury stock.Requirements:i) Determine the weighted average number of shares outstanding as of December 31,2018.[01]ii) Assume that ACI Ltd. earned net income Tk. 35,00,000 during 2018. In addition it had1,00,000 shares of 10% ,Tk100 per nonconvertible, noncumulative preferred stockoutstanding for the entire year. Because of liquidity considerations, however, thecompany did not declare and pay a preferred dividend in 2018. Compute earning pershares for 2018, using the weighted average number of shares. iii) Assume the same fact as in part (ii), except that the preferred stock was cumulative.Compute earning per shares for 2018.iv) Assume…