Compute the weighted-average number of shares outstanding for Steadman Company, which has a simple capital structure, assuming
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Compute the weighted-average number of shares outstanding for Steadman Company, which has a simple capital structure, assuming that the following transactions in common stock occurred during the calendaryear.
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Number of Shares $10 Par Value Date Transactions in Common Stock Jan. I Feb. 1 May I Aug 1 Sept 1 Nov. I Shares outstanding Issued for cash Acquired treasury stock 20% stock dividend Resold part of treasury stock shares Issued 2-for-I stock split 76,000 48,000 (20,000) 20% of shares outstanding 5,000
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IncreaseDecrease in No of Shares Jan 1 to Feb 1 76000112 2 ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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