Question
Green Company had the following activity in common stock during 2020. January 1 120,000 shares issued and outstanding March 1 issued 24,000 shares for cash
Green Company had the following activity in common stock during 2020.
January 1 120,000 shares issued and outstanding
March 1 issued 24,000 shares for cash
July 1 purchased 12,000 shares as treasury stock
Nov. 1 issued 48,000 for cash
Dec. 31 declared and issued a 10% stock dividend
What is the weighted average shares outstanding to be used in the calculation for earnings per share?
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
