Skysong Corporation had 135,600 shares of stock outstanding on January 1, 2020. On May 1, 2020, Skysong issued 48,000 shares. On July 1, Skysong purchased 10,800 treasury shares, which were reissued on October 1. Compute Skysong’s weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding
Skysong Corporation had 135,600 shares of stock outstanding on January 1, 2020. On May 1, 2020, Skysong issued 48,000 shares. On July 1, Skysong purchased 10,800 treasury shares, which were reissued on October 1. Compute Skysong’s weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Skysong Corporation had 135,600 shares of stock outstanding on January 1, 2020. On May 1, 2020, Skysong issued 48,000 shares. On July 1, Skysong purchased 10,800 treasury shares, which were reissued on October 1.
Compute Skysong’s weighted-average number of shares outstanding for 2020.
Weighted-average number of shares outstanding |
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