Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba

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Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba issued 30,000 shares.

(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jun 27, 2023 04:32 AM

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Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba

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a 300000 X 412 330000 X 812 3...View the full answer

Intermediate Accounting

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