On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred:
Question:
On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred:
March 1: 2-for-1 stock split
June 1: Issued 45,000 additional shares
September 1: 20% stock dividend
What was the weighted-average number of shares outstanding for the year?
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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