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Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1, Flint issued 29,400 shares. (a) Compute the weighted average

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Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1, Flint issued 29,400 shares. (a) Compute the weighted average number of shares outstanding if the 29,400 shares were issued for cash. Weighted average number of shares outstanding 310600 (b) Compute the weighted average number of shares outstanding if the 29,400 shares were issued in a stock dividend. Weighted average number of shares outstanding 310600 Click if you would like to Show Work for this question: Qen Show Work

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