Franklin Corporation had 20,000 common shares on January 1, 2014. On March 1, 5,000 shares were repurchased.

Question:

Franklin had 20,000 common shares on January 1, 2014. On March 1, 5,000 shares were repurchased. On June 1 and September 30, 6,000 and 10,000 shares were issued, respectively. Calculate
(a) The number of shares issued at December 31, 2014, and
(b) The weighted average number of shares.
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...