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June 2023 July Sept. 2024 Jan. -) 1 Reacquired 12,000 common shares for $9 per share. Issued 49,000 common shares for $10 per share. Reacquired 9,000 common shares for $9.50 per share. 1 Issued 54,000 common shares in exchange for land. The land's fair value was $540,000. Mar. 31 Profit for the year ended March 31, 2024, was $1,090,375. 30 31 Calculate the weighted average number of common shares for the year. Weighted average number of common shares

June 2023 July Sept. 2024 Jan. -) 1 Reacquired 12,000 common shares for $9 per share. Issued 49,000 common shares for $10 per share. Reacquired 9,000 common shares for $9.50 per share. 1 Issued 54,000 common shares in exchange for land. The land's fair value was $540,000. Mar. 31 Profit for the year ended March 31, 2024, was $1,090,375. 30 31 Calculate the weighted average number of common shares for the year. Weighted average number of common shares

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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June 2023 July Sept. 30 Jan. (a) 2024 Mar. 1 1 Reacquired 12,000 common shares for $9 per share. Issued 49,000 common shares for $10 per share. Reacquired 9,000 common shares for $9.50 per share. 31 Issued 54,000 common shares in exchange for land. The land's fair value was $540,000. 31 Profit for the year ended March 31, 2024, was $1,090,375. Calculate the weighted average number of common shares for the year. Weighted average number of common shares
Transcribed Image Text:June 2023 July Sept. 30 Jan. (a) 2024 Mar. 1 1 Reacquired 12,000 common shares for $9 per share. Issued 49,000 common shares for $10 per share. Reacquired 9,000 common shares for $9.50 per share. 31 Issued 54,000 common shares in exchange for land. The land's fair value was $540,000. 31 Profit for the year ended March 31, 2024, was $1,090,375. Calculate the weighted average number of common shares for the year. Weighted average number of common shares
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