Question
Kingbird Corporation had 136,800 shares of stock outstanding on January 1, 2017. On May 1, 2017, Kingbird issued 67,200 shares. On July 1, Kingbird purchased
Kingbird Corporation had 136,800 shares of stock outstanding on January 1, 2017. On May 1, 2017, Kingbird issued 67,200 shares. On July 1, Kingbird purchased 9,360 treasury shares, which were reissued on October 1. Compute Kingbirds weighted-average number of shares outstanding for 2017. Weighted-average number of shares outstanding
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
