Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Oriole Limited had 41,400 common shares outstanding on January 1, 2023. On March 1, 2023, Oriole issued 21,000 shares in exchange for equipment. On July
Oriole Limited had 41,400 common shares outstanding on January 1, 2023. On March 1, 2023, Oriole issued 21,000 shares in exchange for equipment. On July 1, Oriole repurchased and cancelled 12,000 shares. On October 1, 2023, Oriole declared and issued a 11% stock dividend. Calculate the weighted average number of shares outstanding for Oriole for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started