Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba
Question:
Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2025. On May 1, Tomba issued 30,000 shares.
(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.
(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
a 300000 X 412 330000 X 812 3...View the full answer
Answered By
Munibah Munir
I've done MS specialization in finance’s have command on accounting and financial management. Forecasting and Financial Statement Analysis is basic field of my specialization. On many firms I have done real base projects in financial management field special forecasting. I have served more than 500 Clients for more than 800 business projects, and I have got a very high repute in providing highly professional and quality services.I have capability of performing extra-ordinarily well in limited time and at reasonable fee. My clients are guaranteed full satisfaction and I make things easy for them. I am capable of handling complex issues in the mentioned areas and never let my clients down.
4.60+
467+ Reviews
648+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
Kingbird Corporation had $324,000 shares of common stock outstanding on January 1 2017. On May 1 Kingbird issued $32,100 shares. a Compute the weighted average number of shares outstanding if the...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Tomba Corporation had 300,000 common shares outstanding on January 1, 2011. On May 1, Tomba issued 30,000 shares. (1) Calculate the weighted average number of shares outstanding for the year ended...
-
Which of the following bacterial diseases can be cured using antibiotics? Option: 1) Malaria 2) Typhoid 3) AIDS 4) Dengue
-
At the beginning of the fiscal year, Natalie Company purchased for $1,030,000 a patent that applies to the manufacture of a unique tamperproof lid for medicine bottles. Natalie incurred legal costs...
-
Fanning Company is considering investing in two new vans that are expected to generate combined cash inflows of $30,500 per year. The vans' combined purchase price is $94,500. The expected life and...
-
Use the data for Atlantis Aquatics, Inc., from E4-21 A. Requirements 1. Prepare Atlantis Aquatics classified balance sheet. Use the account format. The balance shown for retained earnings represents...
-
Kraft Foods successfully introduced DiGiorno Pizza into the marketplace in 1996, with first year sales of $120 million, followed by $200 million in sales in 1997. It was neither luck nor coincidence...
-
K Find f'(x). f(x)=(x-2) (x+9) f'(x)= (Type an exact answer.)
-
Conroy Company manufactures two products-B100 and A200. The company provided the following information with respect to these products: B100 A200 Estimated customer demand (in units) Selling price per...
-
DiCenta Corporation reported net income of $270,000 in 2025 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preferred...
-
Rockland Corporation earned net income of $300,000 in 2025 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are...
-
In 2014 Landon has self-employment earnings of $195,000. Compute Landons self- employment tax liability and the allowable income tax deduction of the self-employment tax paid.
-
Explain how the internet has become a key area for public relations activities.
-
Describe how marketers segment business markets. How do business segmentation strategies differ from consumer segmentation strategies?
-
What is a service? Can services be differentiated as consumer services and industrial services?
-
Consider this dynamic income-expenditure model: where Y is national income, E is spending, and c is the tax rate on income (0 Y = E E = 100+ 1.2(1c) Y-1
-
Compare the three levels of market targeting that companies can use in choosing how many segments to target. Provide an example for each of the three targeting options.
-
Using the multi-attribute attitude model, identify the probable choice of a local car dealer for a young single woman and for a retired couple with limited income. What can the national retail chain...
-
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
-
Huang Inc. has a contract with its president, Ms. Shen, to pay her a bonus during each of the years 2011, 2012, and 2013. Assume a corporate income tax rate of 40% during the three years. The profit...
-
Brooks Corporation sells portable computer equipment with a two-year warranty contract that requires the corporation to replace defective parts and provide the necessary repair labour. During 2011,...
-
Smythe Corporation sells televisions at an average price of $850 and they come with a standard one-year warranty. The company also offers each customer a separate three-year extended warranty...
-
What if...your state prison decided to release 50% of its inmates over a 16-month cycle due to overcrowding and budget problems? The release of inmates would be based on the underlying charges with...
-
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March 1...
-
Blossom Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. Projected Benefit Obligation Plan Assets Value 2024...
Study smarter with the SolutionInn App