Question
On January 1, 2015, Warren Corporation had 2,000,000 shares of common stock outstanding. On April 1, the corporation purchased on the market 600,000 of its
On January 1, 2015, Warren Corporation had 2,000,000 shares of common stock outstanding. On April 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. On September 1, the corporation resissued 300,000 shares of treasury stock to the public.
What are the Weighted Average Shares Outstanding for the year?
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
10th Edition
0273703641, 978-0273703648
