Tomba Group had 300,000 ordinary shares outstanding on January 1, 2022. On May 1, Tomba issued 30,000

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Tomba Group had 300,000 ordinary shares outstanding on January 1, 2022. On May 1, Tomba issued 30,000 ordinary shares.

(a) Compute the weighted-average ordinary shares outstanding if the 30,000 shares were issued for cash.

(b) Compute the weighted-average ordinary shares outstanding if the 30,000 shares were issued in a share dividend.

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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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Question Posted: Aug 02, 2021 07:52 AM

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Tomba Group had 300,000 ordinary shares outstanding on January 1, 2022. On May 1, Tomba issued 30,000

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Weighted average shares 300000 1212 30000 81...View the full answer

Intermediate Accounting IFRS

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