Bantec Corporation had 500,000 common shares outstanding on January 1, 2017. On May 1, Bantec issued50,000 shares.
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Bantec Corporation had 500,000 common shares outstanding on January 1, 2017. On May 1, Bantec issued50,000 shares. (a) Calculate the weighted average number of shares outstanding for the year ended December 31, 2017if the 50,000 shares were issued for cash. (b) Calculate the weighted average number of shares outstanding for the yearended December 31, 2017 if the 50,000 shares were issued in a stock dividend.
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