BB Co. had 50,000 shares outstanding on January 1, 2023. On March 1, 2023, BB issued 30,000
Fantastic news! We've Found the answer you've been seeking!
Question:
BB Co. had 50,000 shares outstanding on January 1, 2023. On March 1, 2023, BB issued 30,000 shares. On October 1, 2023, BB Co. repurchased and cancelled 20,000 shares. BB Co. had net income of $300,000 in 2023. What is the company's weighted average number of shares outstanding on December 31, 2023 for the shares issued on January 1, 2023?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: