Requirement a
Weighted average number of shares outstanding = (306000 x 4/12 ) + (335400 x 8/12 ) = 102000 + 223600 = 325600 shares
Requirement b
335400 shares ( The 29400 shares issued in the stock dividend are assume outstanding from the beginning of the year)
Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1,...
Buffalo Corporation had 318,000 shares of common stock outstanding on January 1, 2017. On May 1, Buffalo issued 32,700 shares. (a) Compute the weighted average number of shares outstanding if the 32,700 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted average number of shares outstanding if the 32,700 shares were issued in a stock dividend. Weighted average number of shares outstanding
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Stellar Corporation had 138,000 shares of stock outstanding on January 1, 2017. On May 1, 2017, Stellar issued 60,000 shares. On July 1, Stellar purchased 10,080 treasury shares, which were reissued on October 1. Compute Stellar’s weighted-average number of shares outstanding for 2017.
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