On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred:

Question:

On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred:
March 1: 2-for-1 stock split
June 1: Issued 30,000 additional shares
September 1: 20% stock dividend
What was the weighted-average number of shares outstanding for the year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

Question Posted: