GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. . On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023: 285,600 258,000 308.100

GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. . On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023: 285,600 258,000 308.100

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...

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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
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