GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company...

Transcribed Image Text:

GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023: GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023:

Answer rating: 100% (QA)

To compute GAME Incs weighted average common shares outstanding for the year 2023 we need to conside... View the full answer