Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Limited had 41,400 common shares outstanding on January 1, 2023. On March 1, 2023, Oriole issued 20,700 shares in exchange for equipment. On July

image text in transcribed Oriole Limited had 41,400 common shares outstanding on January 1, 2023. On March 1, 2023, Oriole issued 20,700 shares in exchange for equipment. On July 1, Oriole repurchased and cancelled 10,800 shares. On October 1, 2023, Oriole declared and issued a 10% 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions