Question
Turk Company has 300,000 common shares outstanding on 1/1/22. During 2022, Turk undertook the following stock transactions: April 1 issued a 20% stock dividend,
Turk Company has 300,000 common shares outstanding on 1/1/22. During 2022, Turk undertook the following stock transactions: April 1 issued a 20% stock dividend, October 1 reacquired 10,000 shares for the treasury. Determine the weighted-average number of common shares outstanding for Turk Company.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
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