Barkley Corporation had 120,000 shares of stock outstanding on January 1, 2008. On May 1, 2008, Barkley

Question:

Barkley had 120,000 shares of stock outstanding on January 1, 2008. On May 1, 2008, Barkley issued 45,000 shares. On July 1, Barkley purchased 10,000 treasury shares, which were reissued on October 1. Compute Barkley’s weighted-average number of shares outstanding for 2008.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...