Question
Pink Corp. had 500,000 shares of common stock outstanding on January 1, 2021. On March 1, Pink issued 30,000 shares. Compute the weighted-average number of
Pink Corp. had 500,000 shares of common stock outstanding on January 1, 2021. On March 1, Pink issued 30,000 shares. Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a 10% stock dividend.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
