Question
On January 1, a corporation had 50,000 shares of common stock outstanding. On April 1, the company declared a 20% stock dividend, and on August
On January 1, a corporation had 50,000 shares of common stock outstanding. On April 1, the company declared a 20% stock dividend, and on August 1, the company had a 3-for-1 stock split. On December 1, the company issued an additional 6,000 shares. What is the weighted average number of shares outstanding for the year?
186,000
180,500
156,000
50,000
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
