On January 1, 2022, NYC Co. had1,191,000 shares of its $12 par valuecommon stock outstanding. On March1, NYC Co. sold an additional2,382,000 shares for $48 per share.The company issued a 15% stockdividend on May 1. On August 1, NYCCo. repurchased 715,000 shares of itsstock. On November 1, 1,072,500shares were sold for $50 per share.What is the weighted- averagenumber of shares outstanding for2022? (NIE) 4,129,067 3,175,7333,533,233 3,771,567

The question is based on the concept of Financial Accounting. Weighted average number of shares are…

Answered: On January 1, 2022, NYC Co. had…

On January 1, 2022, NYC Co. had 1,191,000 shares of its $12 par value common stock outstanding. On March 1, NYC Co. sold an additional

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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