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?
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
