Ayayai Corporation began its fiscal year on January 1, 2023, with 912,000 common shares issued and outstanding. On March 1, the company issued an additional 243,000 shares. On April 1, Ayayai declared and issued a 20% stock dividend. Ayayai repurchased and cancelled 93,000 of its own common shares on August 1. On November 1, the company issued an additional 303,000 shares. Calculate the weighted average number of shares outstanding for Ayayai Corporation for the year ended December 31, 2023. (Round answerto O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares

Ayayai Corporation began its fiscal year on January 1, 2023, with 912,000 common shares issued and outstanding. On March 1, the company issued an additional 243,000 shares. On April 1, Ayayai declared and issued a 20% stock dividend. Ayayai repurchased and cancelled 93,000 of its own common shares on August 1. On November 1, the company issued an additional 303,000 shares. Calculate the weighted average number of shares outstanding for Ayayai Corporation for the year ended December 31, 2023. (Round answerto O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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