Question
Novak Corporation had 132,000 shares of stock outstanding on January 1, 2020. On May 1, 2020, Novak issued 64,800 shares. On July 1, Novak purchased
Novak Corporation had 132,000 shares of stock outstanding on January 1, 2020. On May 1, 2020, Novak issued 64,800 shares. On July 1, Novak purchased 9,240 treasury shares, which were reissued on October 1. Compute Novaks weighted-average number of shares outstanding for 2020.
| Weighted-average number of shares outstanding |
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Financial Accounting
Authors: Jane L. Reimers
1st Edition
0131492012, 978-0131492011
