Question: Tomba Corporation had 300 000 ordinary shares outstanding on Jan

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 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.




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  • CreatedJune 17, 2013
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