Answered step by step
Verified Expert Solution
Question
1 Approved Answer
XYZ Company had the following shares outstanding during the year: 100,000 shares from January 1 to March 31 150,000 shares from April 1 to September
XYZ Company had the following shares outstanding during the year:
- 100,000 shares from January 1 to March 31
- 150,000 shares from April 1 to September 30
- 200,000 shares from October 1 to December 31
What is the weighted average number of common shares for the year?
a.
125,000
b.
175,000
c.
200,000
d.
150,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started