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USE THE FOLLOWING INFORMATION: Net income after tax = $738,950 Common shares outstanding at the beginning of the year = 397,410 shares In addition the
USE THE FOLLOWING INFORMATION: Net income after tax = $738,950 Common shares outstanding at the beginning of the year = 397,410 shares In addition the following common stock changes occurred during the year: May 1 shares issued for cash = 112,000 shares issued December 1 shares repurchased into treasury stock = 48.000 Compute weighted average shares outstanding.
USE THE FOLLOWING INFORMATION:
Net income after tax = $738,950
Common shares outstanding at the beginning of the
year = 397,410 shares
In addition the following common stock changes
occurred during the year:
May 1 shares issued for cash = 112,000 shares issued
December 1 shares repurchased into treasury stock =
48.000
Compute weighted average shares
outstanding.
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