Kingbird Corporation had $324,000 shares of common stock outstanding on January 1 2017. On May 1 Kingbird

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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 $32,100 shares were issued for cash Weighted average number of shares outstanding.

b Compute the weighted average number of shares outstanding if the $32,100 shares were issued in a stock dividend Weighted average number of shares outstanding.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jan 09, 2021 10:35 PM

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Kingbird Corporation had $324,000 shares of common stock outstanding on January 1 2017. On May 1 Kingbird

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Expert Answer:

a Issued for cash 324000121232100812 345400 ... View the full answer

Intermediate Accounting

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