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
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Transcribed Image Text: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
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