Question
Robert Greene Distillery had 11,000 shares of common stock outstanding at the beginning of the year. On June 1, it issued 5,000 shares, and
Robert Greene Distillery had 11,000 shares of common stock outstanding at the beginning of the year. On June 1, it issued 5,000 shares, and on September 1, it issued 2,000 shares. It reacquired 800 shares as treasury stock on December 1. What is the weighted average number of common shares Robert Greene will use in computing its earnings per share? O 17,200 O 14,516 O 13,083 18,000
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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