As on January 1, 2021, Gerald corp had 480,000 common shares outstanding (no preferred shares issued). During 2021, the company has issued 70,000 shares on May 1, purchased 46,000 treasury shares on September 1, and issued 46,000 more shares on November 1. Find the weighted average of common shares outstanding for 2021. (Round off the number of shares)
As on January 1, 2021, Gerald corp had 480,000 common shares outstanding (no preferred shares issued). During 2021, the company has issued 70,000 shares on May 1, purchased 46,000 treasury shares on September 1, and issued 46,000 more shares on November 1. Find the weighted average of common shares outstanding for 2021. (Round off the number of shares)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![As on January 1, 2021, Gerald corp had 480,000 common shares outstanding (no
preferred shares issued). During 2021, the company has issued 70,000 shares on May
1, purchased 46,000 treasury shares on September 1, and issued 46,000 more shares
on November 1. Find the weighted average of common shares outstanding for
2021. (Round off the number of shares)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefb0d3ec-bd0a-406a-9242-f4e6cbbfa6c3%2Feed0502f-ba30-44e3-a33c-d26728db13d0%2Fz370sgf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:As on January 1, 2021, Gerald corp had 480,000 common shares outstanding (no
preferred shares issued). During 2021, the company has issued 70,000 shares on May
1, purchased 46,000 treasury shares on September 1, and issued 46,000 more shares
on November 1. Find the weighted average of common shares outstanding for
2021. (Round off the number of shares)
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