Question
A company had 20,000 shares outstanding on January 1. They issued 5,604 shares on May 31. And on August 31, 3,881 shares were purchased as
A company had 20,000 shares outstanding on January 1. They issued 5,604 shares on May 31. And on August 31, 3,881 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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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
