Question
Cullumber Corporation had 384,000 common shares outstanding on January 1, 2020. On May 1, Cullumber issued 38,400 shares. Calculate the weighted average number of
Cullumber Corporation had 384,000 common shares outstanding on January 1, 2020. On May 1, Cullumber issued 38,400 shares. Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 38,400 shares were issued for cash. (Round answer to 0 decimal places, eg. 5,275.) shares Weighted average number of shares outstanding Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 38,400 shares were issued in a stock dividend. Weighted average number of shares outstanding shares
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
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