Question
On January 1, 2020, Wade Corporation had 25,000 shares of common stock outstanding. On April 1, it reacquired 2,500 shares; on October 1 it issued
On January 1, 2020, Wade Corporation had 25,000 shares of common stock outstanding. On April 1, it reacquired 2,500 shares; on October 1 it issued 10,000 shares. What was the weighted average number of common shares outstanding for 2020?
| a. | 29,925 | |
| b. | 25,625 | |
| c. | 41,400 | |
| d. | 26,950 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals Of Auditing
Authors: Basu
1st Edition
8131728854, 978-8131728857
