Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Orole Limited had 42,900 common shares outstanding on January 1, 2020. On March 1, 2020, Orole issued 18,900 shares in exchange for equipment. On July

image text in transcribed

Orole Limited had 42,900 common shares outstanding on January 1, 2020. On March 1, 2020, Orole issued 18,900 shares in exchange for equipment. On July 1, Orole repurchased and cancelled 11,700 shares. On October 1, 2020, Orole declared and issued a 12% stock dividend. Calculate the weighted average number of shares outstanding for Orole for the year ended December 31, 2020. (Round answer to 0 decimal places, e.g. 6,785.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions