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Metlock Corporation had 291,000 shares of common stock outstanding on January 1, 2025. On May 1, Metlock issued 29,400 shares. (a) Compute the weighted-average
Metlock Corporation had 291,000 shares of common stock outstanding on January 1, 2025. On May 1, Metlock issued 29,400 shares. (a) Compute the weighted-average number of shares outstanding if the 29,400 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 29,400 shares were issued in a stock dividend. Weighted-average number of shares outstanding
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a Weighted Average Number of Shares outstanding is 291000 12 12 29400 8 12 310600 shares b Share...Get Instant Access with AI-Powered Solutions
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