GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. . On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023: 285,600 258,000 308.100

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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3P: On January 1, 2019, Kittson Company had a retained earnings balance of 218,600. It is subject to a...
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GAME Inc. reported $1,044,000 in net income in 2023.
. On January 1, 2023, the company had 190,000 shares of common stock.
. On May 1, 2023, 86,000 new shares of common stock were sold for cash.
. On July 1, 2023, the company declared and distributed 10% of common
stock dividend.
. On October 1, 2023, 18.000 shares of common stock were reacquired as
treasury stock.
Compute GAME Inc.'s weighted average common shares outstanding for the
year 2023:
285,600
258,000
308.100
Transcribed Image Text:GAME Inc. reported $1,044,000 in net income in 2023. . On January 1, 2023, the company had 190,000 shares of common stock. . On May 1, 2023, 86,000 new shares of common stock were sold for cash. . On July 1, 2023, the company declared and distributed 10% of common stock dividend. . On October 1, 2023, 18.000 shares of common stock were reacquired as treasury stock. Compute GAME Inc.'s weighted average common shares outstanding for the year 2023: 285,600 258,000 308.100
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