Question: On January 1, 2014, Wonsto Mining Corp. had 580,000 common shares issued and outstanding. On April 30, it issued an additional 220,000 shares and on

On January 1, 2014, Wonsto Mining Corp. had 580,000 common shares issued and outstanding. On April 30, it issued an additional 220,000 shares and on October 1 it repurchased and cancelled 100,000 shares. Calculate Wonsto’s weighted-average shares outstanding for the year ended December 31, 2014. Round calculations to the nearest whole share.

Step by Step Solution

3.34 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style0 msonumberformatGeneral textaligngeneral verticalalignbottom whitespacenowrap msorotate0 msobackgroundsourceauto msopatt... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Excel file Icon

384-B-A-C (643).xlsx

300 KBs Excel File

Students Have Also Explored These Related Accounting Questions!