Novak Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Novak issued 31,500 shares. (a) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued for cash. Weighted-average number of shares outstanding 339000 (b) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued in a stock dividend. Weighted-average number of shares outstanding
Novak Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Novak issued 31,500 shares. (a) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued for cash. Weighted-average number of shares outstanding 339000 (b) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued in a stock dividend. Weighted-average number of shares outstanding
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please help me understand part B
![Novak Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Novak issued 31,500 shares.
(a) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued for cash.
Weighted-average number of shares outstanding
339000
(b) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued in a stock dividend.
Weighted-average number of shares outstanding](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3b4716a4-a38f-4ced-a01b-7b5515818a14%2F9c5f9fb0-2703-4a5d-9e21-187a0666c012%2Fn2bh6tp_processed.png&w=3840&q=75)
Transcribed Image Text:Novak Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Novak issued 31,500 shares.
(a) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued for cash.
Weighted-average number of shares outstanding
339000
(b) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued in a stock dividend.
Weighted-average number of shares outstanding
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