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Devlin Inc. has 300,000 shares outstanding at the beginning of the year. The following stock transactions took place during the year: March 1: Issued 50,000
Devlin Inc. has 300,000 shares outstanding at the beginning of the year. The following stock transactions took place during the year:
- March 1: Issued 50,000 shares
- June 1: Issued a 2- for-1 stock split
- June 30: Issued 35,000 shares
- October 1: Issued a 15% stock dividend
- October 31: Reacquired 25,000 shares
Weighted average shares outstanding for the year isclosestto:
A.801792
B.526,875.
C.552,750.
D.810,729.
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