Calculating Companies Shares of Restricted Stock to Its CFO

Calculating Companies Shares of Restricted Stock to Its CFO

Instructions/Descriptions

Calculating Companies Shares of Restricted Stock to Its CFO

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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.

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(adjustments)

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.

Declared dividends of $350,000 on December 31.

(additional information)

Issued 35,000 shares of common stock, $1 par, for $700,000 on June 30, 2021.

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.

Some equipment was sold (original cost $10,000, book value $3,000) for $6,500 !

All amortization and depreciation is recorded once a year on December 31.

Calculating Companies Shares of Restricted Stock to Its CFO

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