Question
On January 1, the beginning of its fiscal year, Wiggins Inc. had 100,000 common shares outstanding. On April 1, 30,000 additional shares were issued for
On January 1, the beginning of its fiscal year, Wiggins Inc. had 100,000 common shares outstanding.
On April 1, 30,000 additional shares were issued for cash.
On October 1, 20,000 additional shares were issued.
Calculate the weighted average number of shares outstanding for the year.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
