Question
CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred: March
CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES
On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred:
March 1: 2-for-1 stock split
June 1: Issued 30,000 additional shares
September 1: 20%
stock dividend What was the weighted-average number of shares outstanding for the year?
correct answer should be $261,000 how to calculate?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
