Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 of 15 -11 E On January 1, 2020, Cullumber Manufacturers had 378,000 common shares outstanding. On April 1, the corporation issued 37,800 new

image text in transcribed
Question 13 of 15 -11 E On January 1, 2020, Cullumber Manufacturers had 378,000 common shares outstanding. On April 1, the corporation issued 37,800 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8 100 of its own outstanding common shares to make them available for issuances related to its key executives outstanding stock options. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to decimal places, es 5.255.) Weighted average number of shares outstanding shares e Textbook and Media Assume that Cullumber Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to O decimal places, es 5.255.) shares Weighted average number of shares outstanding

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

Wiley CIA Exam Review Test Bank Part 1 Essentials Of Internal Auditing

Authors: S. Rao Vallabhaneni

1st Edition

1119987237, 978-1119987239

More Books

Students also viewed these Accounting questions

Question

What questions should managers answer when setting regular prices?

Answered: 1 week ago

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago