Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850 shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December 7 it paid $61,360 to repurchase 4,720 common shares. (a) Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 Aug. 19 Nov. 2 Dec. 7 $ $ $ $ 10
Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850 shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December 7 it paid $61,360 to repurchase 4,720 common shares. (a) Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 Aug. 19 Nov. 2 Dec. 7 $ $ $ $ 10
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![On June 8, Carla Vista Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850
shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December
7 it paid $61,360 to repurchase 4,720 common shares.
(a)
Your answer is partially correct.
Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2
decimal places, e.g. 15.25.)
Average Cost
June 8
Aug. 19
Nov. 2
Dec. 7
$
$
$
eTextbook and Media:
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4984c10-03a6-466f-bf59-4f365b69ef6f%2F1a687521-9401-4858-886a-a946190f46dd%2Fxi24966_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On June 8, Carla Vista Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850
shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December
7 it paid $61,360 to repurchase 4,720 common shares.
(a)
Your answer is partially correct.
Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2
decimal places, e.g. 15.25.)
Average Cost
June 8
Aug. 19
Nov. 2
Dec. 7
$
$
$
eTextbook and Media:
10
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