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On June 8, Lawn Ltd. was incorporated and issued 36,000 common shares for $360,000. On August 19, an additional 8,700 shares were issued for
On June 8, Lawn Ltd. was incorporated and issued 36,000 common shares for $360,000. On August 19, an additional 8,700 shares were issued for $104,400. On November 2, the company paid $34,560 to repurchase 3,600 common shares and on December 7 it paid $62,400 to repurchase 4,800 common shares. (a) - Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) June 8 Average Cost 10 Aug. 19 10.39 Nov. 2 $ 10.46 Dec. 7 $ 10.89
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