Question
Blue co. Started year 7 with 800,000 common shares outstanding. During year 7, blue co. Completed the following share transactions: -on May 1, issued 200,000
Blue co. Started year 7 with 800,000 common shares outstanding. During year 7, blue co. Completed the following share transactions:
-on May 1, issued 200,000 shares
-on July 31, repurchased 100,000 shares
-on Sept 1, issued a 10% stock dividend
-on Oct 31, issued 400,000 shares
Calculate the weighted average number of shares outstanding for year 7
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
9th Edition
1119754054, 9781119754053
