Douglas Corporation had 120,000 ordinary shares outstanding on January 1, 2022. On May 1, 2022, Douglas issued

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Douglas Corporation had 120,000 ordinary shares outstanding on January 1, 2022. On May 1, 2022, Douglas issued 60,000 ordinary shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average ordinary shares outstanding for 2022.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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