Messier Inc. had 34,000 common shares on January 1, 2018. On May 1, 3,000 common shares were

Question:

Messier Inc. had 34,000 common shares on January 1, 2018. On May 1, 3,000 common shares were reacquired and retired. On August 31 and November 30, 9,000 and 6,000 common shares were issued, respectively. Calculate
(a) The number of common shares issued at December 31, 2018, and
(b) The weighted average number of common shares for 2018.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

Question Posted: