Question: (Multiple Choice) River Bend started the calendar year with 100000 shares outstanding. An additional 20,000 shares were issued on April 1, and 10,000 shares were
(Multiple Choice) River Bend started the calendar year with 100000 shares outstanding. An additional 20,000 shares were issued on April 1, and 10,000 shares were reacquired on July 1. What is the number of weighted-average shares outstanding for the full year? A. 100,000 B. 110,000 C. 120,000 D. 130,000 E. None of these
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
