Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba
Question:
Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba issued 30,000 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 stock dividend.
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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