Tomba Corporation had 300,000 ordinary shares outstanding on January 1, 2015. On May 1, Tomba issued 30,000

Question:

Tomba Corporation had 300,000 ordinary shares outstanding on January 1, 2015. On May 1, Tomba issued 30,000 ordinary shares.

(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a share dividend.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

See More Books

Question Posted: Mar 23, 2024 08:01 AM

See More Questions

Tomba Corporation had 300,000 ordinary shares outstanding on January 1, 2010. On May 1, Tomba issued 30,000 ordinary shares. (a) Compute the weighted-average number of shares outstanding if the...
Tomba Corporation had 300,000 common shares outstanding on January 1, 2011. On May 1, Tomba issued 30,000 shares. (1) Calculate the weighted average number of shares outstanding for the year ended...
Your independent film production company owns the rights to a script for a rom-com movie. They estimate that the script would cost $30 million to make into a movie, which would have a 35% chance of...
Determine the smallest value of P required to (a) Start the block up the incline, (b) Keep it moving up. 50 lb 0.40 0.30 40 30
What is the logic in charging administrative costs based on total time to project completion?
Petitioner Christy Brzonkala met respondents Antonio Morrison and James Crawford at a campus party at Virginia Polytechnic Institute (Virginia Tech), where they were all students. At the party, the...
State Bank's balance sheet is listed below. Market yields and durations (in years) are in parenthesis, and amounts are in millions. a. What is the repricing gap if the planning period is six months?...
Q5. With reference to Fig 5, the following values are given: E-20V, R-2k2, R: 10k2, R, 20ks Calculate: (i) the equivalent resistance of the circuit (Req) (5%) (ii) the current through RI (IRI) (iii)...
Rockland Corporation earned net income of R$300,000 in 2015 and had 100,000 ordinary shares outstanding throughout the year. Also outstanding all year was R$800,000 of 10% bonds, which are...
Douglas Corporation had 120,000 ordinary shares outstanding on January 1, 2015. On May 1, 2015, Douglas issued 60,000 ordinary shares. On July 1, Douglas purchased 10,000 treasury shares, which were...
Refer to Table 11-14 and look at the modality property. Find out different operations in Microsoft Word that fall under modality. TABLE 11-14 Common Properties of Windows and Forms in a GUI...
Wealth distribution is not only calculated for households throughout the United States, but also by state. According to a 2010 study by Insidermonkey.com, Washington, D.C. ranked highest among all 50...
Mona Stangley owns an organic egg farm just outside of Gilbert, Texas. At present, she pays her workers an hourly wage to inspect and package her organic eggs in egg cartons. She is considering...
Included in the Tax Cuts and Jobs Act of 2017 was the elimination of the individual mandate penalty for not having health insurance. Starting in 2019, individuals who do not have health insurance...
One of the issues that is debated in virtually every election is whether to raise the federal minimum wage, which stood at $7.25 per hour in 2018. Suppose that you are married with a child, working a...
How would you expect the possibility of differentiating your product to change competition between oligopolists?
Reconsider Prob. 1279. Using EES (or other) software, solve the problem assuming steam is the working fluid by using the generalized chart method and EES data for steam. Plot the power output and the...
SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended...
Cluster F: Regional Development Bank -Linking the Investment Portfolio to the Development Portfolio Assess the Investment Portfolio of the Caribbean Development Bank (CDB), and how that performed to...
Problem Description: The countries nowadays are increasingly integrated within the Global Value Chains (GVCs). The disruptions to GVCs caused by the Covid-19 pandemic have led to a growing debate on...
Consider a worker who has preferences Consumption (C) and leisure given by the cobb-douglas function: U (C, ) = Cba where a b = 1 Further assume they have a time constraint and budget constraint the...

Tomba Corporation had 300,000 ordinary shares outstanding on January 1, 2015. On May 1, Tomba issued 30,000

Question:

Step by Step Answer:

Intermediate Accounting IFRS Edition

Students also viewed these Business questions