On January 1, Star Corp. had 50,000 common shares issued and outstanding. On April 1, it issued

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On January 1, Star Corp. had 50,000 common shares issued and outstanding. On April 1, it issued 4,000 additional shares and on June 5, declared and distributed a two-for-one share split. Calculate Star’s weighted-average outstanding shares for the year.

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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