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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Transcribed Image Text: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 answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
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