Question
Orion Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Orion issued 20,000 shares in exchange for equipment. On July
Orion Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Orion issued 20,000 shares in exchange for equipment. On July 1, Orion repurchased and cancelled 11,800 shares. On October 1, 2020, Orion declared and issued a 10% stock dividend. Calculate the weighted average number of shares outstanding for Orion for the year ended December 31, 2020
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
IT Audit In China
Authors: LIU Ruzhuo
1st Edition
981428145X, 978-9814281454
