Question
Oriole Limited had 42,700 common shares outstanding on January 1, 2017. On March 1, 2017, Oriole issued 19,000 shares in exchange for equipment. On July
Oriole Limited had 42,700 common shares outstanding on January 1, 2017. On March 1, 2017, Oriole issued 19,000 shares in exchange for equipment. On July 1, Oriole repurchased and cancelled 11,400 shares. On October 1, 2017, Oriole declared a 3for1 stock split. Calculate the weighted average number of shares outstanding for Oriole for the year ended December 31, 2017.
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
