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can you slove this problem? On December 31, 2022, Wildhorse Corporation had 139,200 common shares outstanding. On April 30, 2023, the company issued an additional
can you slove this problem? On December 31, 2022, Wildhorse Corporation had 139,200 common shares outstanding. On April 30, 2023, the company issued an additional 53,200 common shares for cash. On July 31,2023 , the company repurchased and cancelled 22,000 common shares: During, the year ended December 31,2023, Wildhorse earned income before taxes of $40,000,000. Not included in this income was a loss from discontinued operations of $5,000,000 before tax The company was subject to a 25% income tax rate. (a) Calculate the weighted average number of commonshares outstanding- Weighted Average Number of Common Shares eTextbook and Media Attempts: 0 of 5 used (b)
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