Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 pts Austin had net income of $275,000 and declared dividends of $25,000 during the current year. Austin began the year with 15,000 common shares

image text in transcribed

5 pts Austin had net income of $275,000 and declared dividends of $25,000 during the current year. Austin began the year with 15,000 common shares outstanding. Austin issued 30,000 shares on June 30 and repurchased 12,000 on November 1. What is Austin's weighted average number of common shares outstanding? O 45.000 28.000 O 33,000 O 43,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions