Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that the following data relative to ABC Company for 2020: 2020 Transactions in Common Shares Change Cumulative Jan. 1, Beginning 700,000 Mar. 1, Reissued/sold

Assume that the following data relative to ABC Company for 2020:

2020 Transactions in Common Shares Change Cumulative

Jan. 1, Beginning 700,000

Mar. 1, Reissued/sold of treasury shares 100,000 800,000

Apr 1, Stock dividend 20% 160,000 860,000

Aug 1, Shares 4-for-1 split 2,580,000 3,440,000

Oct. 1, Bought back shares to cancel (800,000) 2,640,000

Calculate the 2020 weighted average common shares outstanding (WASO):

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

Financial Management For Public Health And Not For Profit Organizations

Authors: Steven A. Finkler

3rd Edition

0136070736, 978-0136070733

More Books

Students also viewed these Accounting questions