Kolanso Inc. had 8 9 0 , 4 0 0 common shares outstanding on 1 January 2
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Question:
Kolanso Inc. had common shares outstanding on January X On June, the company entered into an agreement to purchase the shares of Leroy Co As part of this acquisition transaction, Kolanso agreed to issue new common shares to the previous shareholders of Leroy if the company had total sales of $ million for the first year. The goal was met by December X and the shares were issued on February X Also during the year, the company repurchased shares on December.
Required:
Calculate the companys weighted average number of shares outstanding for the basic EPS calculation for the year ended December XDo not round intermediate calculations and round your answer to nearest whole number.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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