Calculating Companies Shares of Restricted Stock to Its CFO

Calculating Companies Shares of Restricted Stock to Its CFO

Question Description

How does the Weighted average common stock get filled out and is this a multiple statement income?

(Transactions)

December 4: Bought back 18,000 shares of stock for $13 per share.

December 5: Issued 10,000 shares of restricted stock to its CFO. The stock has a fair value of $160,000. The service period related to this restricted stock is 6 years. Vesting occurs if the CFO stays with the company for 6 years. The par value of the stock is $1.

December 12: Issued 50,000 shares of common stock at $17.50 per share.

December 21: Sold 12,500 shares of Treasury Stock for $15 per share.

(adjustments)

Declared dividends of $350,000 on December 31.

(additional information)

1. Issued 35,000 shares of common stock, $1 par, for $700,000 on June 30, 2021.
2. Some equipment was sold (original cost $10,000, book value $3,000) for $6,500 !
3. All amortization and depreciation is recorded once a year on December 31.
4. Market price per share of stock at 12/31/2021 was $18.75.

 

 

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