On January 1, 2014, Wonsto Mining Corp. had 580,000 common shares issued and outstanding. On April 30, it issued an additional 220,000 shares and on October 1 it repurchased and cancelled 100,000 shares. Calculate Wonsto’s weighted-average shares outstanding for the year ended December 31, 2014. Round calculations to the nearest whole share.
Answer to relevant QuestionsArcus Development Inc.’s equity section on the December 31, 2013, balance sheet showed the following information:Common shares, unlimited shares authorized,150,000 shares issued and ...Information taken from Nanotec Security Inc.’s January 31, 2014, balance sheet follows:Common shares, 600,000 shares authorized,30,000 shares issued and outstanding ...Use the data for GlenTel Inc. in Exercise 14-16 to present a multiple-step income statement for 2014. You need not complete the earnings per share calculations.Kiwi Charter Corp. reported $1,612,530 of net income for 2014. On November 2, 2014, it declared and paid the annual preferred dividends of $234,000. On January 1, 2014, Kiwi had 80,000 and 270,000 outstanding preferred and ...Pyrogenesis Canada Inc. which was provincially incorporated reported the following equity account balances on December 31, 2013:Common shares, unlimited shares authorized, 20,000 shares issued and outstanding ...
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