On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020? A. 276,000 B. 261,000 C. 256,000 D. 230,000
On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020? A. 276,000 B. 261,000 C. 256,000 D. 230,000
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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On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020?
A. 276,000
B. 261,000
C. 256,000
D. 230,000
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