Question
16. Alamo, Inc. had 480,000 shares of common stock outstanding on January 1, 2005. An additional 150,000 shares were issued on May 1, 2005, and
16. Alamo, Inc. had 480,000 shares of common stock outstanding on January 1, 2005. An additional 150,000 shares were issued on May 1, 2005, and 60,000 shares were repurchased on October 1, 2005. The weighted average number of shares outstanding during 2005 was:
A) 475,000
B) 565,000
C) 570,000
D) 630,000
Answer: B Difficulty: Easy
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Audit And Trace Log Management Consolidation And Analysis
Authors: Phillip Q. Maier, Bennett Rothke
1st Edition
0849327253, 978-0849327254
