Dencil Corporation had 600,000 common shares outstanding on January 1, 2023. On March 1, 2023, Dencil issued
Question:
Dencil Corporation had 600,000 common shares outstanding on January 1, 2023. On March 1, 2023, Dencil issued 150,000 shares. On September 1, 2023, Dencil repurchased and cancelled 50,000 shares. Calculate Dencil’s weighted average number of shares outstanding for the year ended December 31, 2023. Round to the nearest share.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Dates Outstanding Jan 1 March 1 Ma...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
4+ Reviews
10+ Question Solved
Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Question Posted:
