Calculate the weighted average number of shares for the following Shares outstanding 100,000 Date Shares changes Beginning balance 20,000 shares issued 50% stock dividend 50,000 shares issued Year end balance 1-Jan-07 1-Apr-07 1-Jun 07 1-0ct-07 31-Dec-07 120,000 180,000 230,000 230,000
Calculate the weighted average number of shares for the following Shares outstanding 100,000 Date Shares changes Beginning balance 20,000 shares issued 50% stock dividend 50,000 shares issued Year end balance 1-Jan-07 1-Apr-07 1-Jun 07 1-0ct-07 31-Dec-07 120,000 180,000 230,000 230,000
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
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16P: Treasury Stock, Cost Method Bush-Caine Company reported the following data on its December 31, 2018,...
Related questions
Question
![) Calculate the weighted average number of shares for the following
Shares outstanding
100,000
Date
Shares changes
Beginning balance
20,000 shares issued
50% stock dividend
50,000 shares issued
1Jan-07
120,000
180,000
230,000
230,000
1-Apr-07
1.Jun-07
1-0ct-07
31-Dec-07
Year end balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F505f8fad-7eba-4c4a-99d1-eef4329ccc25%2Fee4c35f6-1283-4738-ad52-791d7479176b%2F9v35qls_processed.jpeg&w=3840&q=75)
Transcribed Image Text:) Calculate the weighted average number of shares for the following
Shares outstanding
100,000
Date
Shares changes
Beginning balance
20,000 shares issued
50% stock dividend
50,000 shares issued
1Jan-07
120,000
180,000
230,000
230,000
1-Apr-07
1.Jun-07
1-0ct-07
31-Dec-07
Year end balance
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
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 with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning