Question: Your answer is incorrect. On January 1 , 2 0 2 5 , Oriole Corporation had 1 , 0 3 0 , 0 0 0

Your answer is incorrect.
On January 1,2025, Oriole Corporation had 1,030,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 490,000 of its own outstanding shares and retired them.
Compute the weighted average number of shares to be used in computing earnings per share for 2025.
Weighted average number of shares
Your answer is incorrect. On January 1 , 2 0 2 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!