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

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...

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