Bramble Corporation began its fiscal year on January 1, 2023, with 1,008,000 common shares issued and outstanding. On March 1, the company issued an additional 243,000 shares. On April 1, Bramble declared and issued a 50% stock dividend. Bramble repurchased and cancelled 114,000 of its own common shares on August 1. On November 1, the company issued an additional 315,000 shares. Calculate the weighted average number of shares outstanding for Bramble Corporation for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Bramble Corporation began its fiscal year on January 1, 2023, with 1,008,000 common shares issued and outstanding. On March 1, the company issued an additional 243,000 shares. On April 1, Bramble declared and issued a 50% stock dividend. Bramble repurchased and cancelled 114,000 of its own common shares on August 1. On November 1, the company issued an additional 315,000 shares. Calculate the weighted average number of shares outstanding for Bramble Corporation for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Mani
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education