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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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