Duke Co. had 200,000 shares of stock outstanding on January 1, 2021. On April 1, 2021, Duke issued 84,000 shares. On July 1, Duke purchased 8,000 treasury shares, which were reissued on November 1. Compute Duke’s weighted-average number of shares outstanding for 2021.

Duke Co. had 200,000 shares of stock outstanding on January 1, 2021. On April 1, 2021, Duke issued 84,000 shares. On July 1, Duke purchased 8,000 treasury shares, which were reissued on November 1. Compute Duke’s weighted-average number of shares outstanding for 2021.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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