Oriole Corporation had 16,800 common shares on January 1, 2021. On March 1, 4,200 shares were repurchased.

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Oriole Corporation had 16,800 common shares on January 1, 2021.

On March 1, 4,200 shares were repurchased.

On June 1 and September 30, 5,400 and 8,400 shares were issued, respectively.

Calculate the weighted average number of shares

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Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Posted Date: Oct 23, 2019 11:04 PM

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Oriole Corporation had 16,800 common shares on January 1, 2021. On March 1, 4,200 shares were repurchased.

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Expert Answer:

The weighted average number of shares is computed as shown below 16800 shares x 2 months 12 mont... View the full answer

Accounting Principles Volume 2

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