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Richman Company had 100,000 shares of common stock outstanding as of January 1, 2017. The following common stock transactions occurred during 2017. March 1 Issued
Richman Company had 100,000 shares of common stock outstanding as of January 1, 2017. The following common stock transactions occurred during 2017.
March 1
Issued 20,000 shares for cash
June 1
Issued a 10% stock dividend
Sept 1
Reacquired 10,000 shares as treasury stock
Nov 1
Sold the 10,000 treasury shares for cash.
Compute the weighted-average common shares for 2017.
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