Question
13. A company had 20,000 shares outstanding on January 1. They issued 6,687 shares on May 31. And on August 31, 3,970 shares were purchased
13. A company had 20,000 shares outstanding on January 1. They issued 6,687 shares on May 31. And on August 31, 3,970 shares were purchased as treasury stock. Calculate the weighted average number of shares outstanding for the year to the nearest whole number.
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
