Intermidiate Accounting II

Q8: As of Jan 1, Metal Corp. had 10,000 shares of its common stock outstanding, and it issued 25,000 more shares on May 1. On July 1, 5,000 common shares were repurchased. On Oct 1, the corp. declared a 10% stock dividend. On Dec 1, an additional 15,000 shares were issued. Calculate the weighted average common shares outstanding for the year.

Q8: As of Jan 1, Metal Corp, had 10,000 shares of its common stock outstanding, and it issued 25,000 more shares on May 1. On July 1, 5,000 common shares were repurchased. On Oct 1, the corp. declared a 10% stock dividend. On Dec 1, an additional 15,000 shares were issued. Calculate the weighted average common shares outstanding for the year. WACS outstanding