Splish Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Splish issued 32,700 shares. (a) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued in a stock dividend. Weighted-average number of shares outstanding

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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Splish Corporation had 318,000 shares of common stock outstanding on January 1,
2025. On May 1, Splish issued 32,700 shares.
(a) Compute the weighted-average number of shares outstanding if
the 32,700 shares were issued for cash.
Weighted-average number of shares outstanding
(b) Compute the weighted-average number of shares outstanding if
the 32,700 shares were issued in a stock dividend.
Weighted-average number of shares outstanding
Transcribed Image Text:Splish Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Splish issued 32,700 shares. (a) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued in a stock dividend. Weighted-average number of shares outstanding
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