Question
Oriole Corporation had 16,800 common shares on January 1, 2021. On March 1, 4,200 shares were repurchased. On June 1 and September 30, 5,400 and
Oriole Corporation had 16,800 common shares on January 1, 2021.
On March 1, 4,200 shares were repurchased.
On June 1 and September 30, 5,400 and 8,400 shares were issued, respectively.
Calculate the weighted average number of shares
Step by Step Solution
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Step: 1
The weighted average number of shares is computed as shown below 16800 shares x 2 months 12 mont...
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
1119502551, 1-119-50255-5, 978-1119502555
