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On January 1, 2025, Wildhorse Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issu 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October corporation purchased on the market 470,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2025. Weighted average number of shares

On January 1, 2025, Wildhorse Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issu 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October corporation purchased on the market 470,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2025. Weighted average number of shares

FINANCIAL ACCOUNTING
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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On January 1, 2025, Wildhorse Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 470,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2025. Weighted average number of shares
Transcribed Image Text:On January 1, 2025, Wildhorse Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 470,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2025. Weighted average number of shares
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