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Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Issued a 20% share dividend 30,000 Issued ordinary shares September 1 Treasury shares purchased May 1 40,000 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?

Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Issued a 20% share dividend 30,000 Issued ordinary shares September 1 Treasury shares purchased May 1 40,000 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?

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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Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Isued a 20% share dividend 30,000 May 1 Issued ordinary shares 40,000 September 1 Treasury shares purchased 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?
Transcribed Image Text:Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Isued a 20% share dividend 30,000 May 1 Issued ordinary shares 40,000 September 1 Treasury shares purchased 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?
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