On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred:

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March 1: 2-for-1 stock split

June 1: Issued 45,000 additional shares

September 1: 20% stock dividend

What was the weighted-average number of shares outstanding for the year?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

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

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Question Posted: Jan 28, 2012 05:47 AM

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On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred:

Question:

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Fraction of Shares Adjustment WeightedAverage Peri...View the full answer

Intermediate Accounting

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