Bantec Corporation had 500,000 common shares outstanding on January 1, 2020. On May 1, Bantec issued 50,000
Question:
Bantec Corporation had 500,000 common shares outstanding on January 1, 2020. On May 1, Bantec issued 50,000 shares.
(a) Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 50,000 shares were issued for cash. Round to the nearest share.
(b) Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 50,000 shares were issued in a stock dividend.
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a 500000 X 412 550000 X 812 5...View the full answer
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