Question
Ajax Corporation began 2024 with 200,000 common shares outstanding. On March 1, 2024 they issued 24,000 additional common shares and on July 1, 2024 they
Ajax Corporation began 2024 with 200,000 common shares outstanding. On March 1, 2024 they issued 24,000 additional common shares and on July 1, 2024 they repurchased 2,000 common shares. On August 1, 2024 they declared a 2 for 1 stock split. What is the weighted-average number of common shares for the year 2024?
Question 7 options:
|
| 442,000 |
|
| 438,000 |
|
| 219,000 |
|
| 222,000 |
|
| 444,000 |
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
