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Waterway Corporation had 270,000 shares of common stock outstanding on January 1, 2025. On May 1, Waterway issued 28,200 shares. (a) Compute the weighted-average number
Waterway Corporation had 270,000 shares of common stock outstanding on January 1, 2025. On May 1, Waterway issued 28,200 shares. (a) Compute the weighted-average number of shares outstanding if the 28,200 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 28,200 shares were issued in a stock dividend. Weighted-average number of shares outstanding 104140 eTextbook and Media 104140
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