Question

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.



$1.99
Sales2
Views618
Comments0
  • CreatedJune 17, 2013
  • Files Included
Post your question
5000