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Flounder Corporation had 324,000 shares of common stock outstanding on January 1, 2017. On May 1, Flounder issued 32,100 shares. (a) Compute the weighted-average
Flounder Corporation had 324,000 shares of common stock outstanding on January 1, 2017. On May 1, Flounder issued 32,100 shares. (a) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued in a stock dividend. Weighted-average number of shares outstanding
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