Question
On January 1, 20X1, Davis Inc. reports 600,000 shares outstanding. On March 1, the company issues 300,000 shares at $22 per share. On July 1,
On January 1, 20X1, Davis Inc. reports 600,000 shares outstanding. On March 1, the company issues 300,000 shares at $22 per share. On July 1, the company declares a 2:1 stock split.
What is basic weighted-average common shares outstanding for fiscal year 20X1?
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Financial Accounting A Concepts Based Introduction
Authors: David Kolitz
1st Edition
1138844977, 978-1138844971
