Novak Corporation began its fiscal year on January 1, 2023, with 972,000 common shares issued and outstanding.
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Novak Corporation began its fiscal year on January 1, 2023, with 972,000 common shares issued and outstanding. On March 1, the company issued an additional 297,000 shares. On April 1, Novak declared and issued a 50% stock dividend. Novak repurchased and cancelled 93,000 of its own common shares on August 1. On November 1, the company issued an additional 330,000 shares. Calculate the weighted average number of shares outstanding for Novak Corporation for the year ended December 31, 2023.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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