Question
Blossom Corporation had 624,000 common shares outstanding on January 1, 2023. On May 1, Blossom issued 62,400 shares. Calculate the weighted average number of shares
Blossom Corporation had 624,000 common shares outstanding on January 1, 2023. On May 1, Blossom issued 62,400 shares.
Calculate the weighted average number of shares outstanding for the year ended December 31, 2023, if the 62,400 shares were issued for cash. (Round answer to 0 decimal places, e.g. 5,275.)
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Calculate the weighted average number of shares outstanding for the year ended December 31, 2023, if the 62,400 shares were issued in a stock dividend. (Round answer to 0 decimal places, e.g. 5,275.)
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
