Alvarado Company had the following common stock balances and transactions during the current year: What was Alvarados

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Alvarado Company had the following common stock balances and transactions during the current year:

What was Alvarado€™s current year weighted average shares outstanding for basic EPS?
a. 78,000
b. 73,250
c. 72,500
d. 71,500

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 05:40 AM

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Alvarado Company had the following common stock balances and transactions during the current year: What was Alvarados

Question:

January 1 March 1 May 1 November 1 December 31 Common stock outstanding issued a 10% common stock dividend Issued common stock Issued common stock for cash Common stock outstanding 60,000 6,000 9,000 3,000 78,000

Step by Step Answer:

Choice c is correct Date and Event Number of Shares Outstanding Weight by Number of Months Sha...View the full answer

Intermediate Accounting

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