Question
Argonaut Enterprises had 500,000 shares of common stock outstanding on January 1. On june 1, Argonaut issued an additional 60,000 common shares. Argonaut has no
Argonaut Enterprises had 500,000 shares of common stock outstanding on January 1. On june 1, Argonaut issued an additional 60,000 common shares. Argonaut has no treasury stock. the weighted average number of common shares outstanding for the year was?
The answer is 535000.
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
