Binary Controls Inc.had 250,000 shares of common stock outstanding at the end of 2012.During 2013 and 2014,the following transactions took place.
Binary Controls Inc.has a simple capital structure.
Compute the weighted average number of shares for 2013 and 2014 to be used in the earnings per share computation for comparative financial statements at the end of 2014.
Definitions:
Recording Transactions
The process of documenting financial transactions in the company's accounting records, ensuring accurate financial reporting and analysis.
Book Of Original Entry
The book of original entry, also known as the journal, is the first place where transactions are recorded in the accounting system according to the date order.
Journal
A detailed record where all financial transactions of a business are entered chronologically.
Bookkeeping Device
A tool or system used for recording and organizing financial transactions.
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