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Waterway Cosmetic Inc. (WCI), a cosmetic product manufacturer, is a publicly listed company. WCI is preparing earnings per share data for 2023. The following is a summary of the activity for WCI during 2023: 563,000 common shares issued and outstanding at December 31, 2022 99,000 common shares issued for cash on April 1, 2023 Repurchased 56,400 common shares on June 1, 2023 Two-for-one stock split on September 1, 2023 Calculate the weighted average number of shares outstanding for the year ended December 31, 2023. Weighted average number of common shares

Waterway Cosmetic Inc. (WCI), a cosmetic product manufacturer, is a publicly listed company. WCI is preparing earnings per share data for 2023. The following is a summary of the activity for WCI during 2023: 563,000 common shares issued and outstanding at December 31, 2022 99,000 common shares issued for cash on April 1, 2023 Repurchased 56,400 common shares on June 1, 2023 Two-for-one stock split on September 1, 2023 Calculate the weighted average number of shares outstanding for the year ended December 31, 2023. Weighted average number of common shares

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Waterway Cosmetic Inc. (WCI), a cosmetic product manufacturer, is a publicly listed company. WCI is preparing earnings per share data for 2023. The following is a summary of the activity for WCI during 2023: 563,000 common shares issued and outstanding at December 31, 2022 99,000 common shares issued for cash on April 1, 2023 Repurchased 56,400 common shares on June 1, 2023 Two-for-one stock split on September 1, 2023 Calculate the weighted average number of shares outstanding for the year ended December 31, 2023. Weighted average number of common shares
Transcribed Image Text:Waterway Cosmetic Inc. (WCI), a cosmetic product manufacturer, is a publicly listed company. WCI is preparing earnings per share data for 2023. The following is a summary of the activity for WCI during 2023: 563,000 common shares issued and outstanding at December 31, 2022 99,000 common shares issued for cash on April 1, 2023 Repurchased 56,400 common shares on June 1, 2023 Two-for-one stock split on September 1, 2023 Calculate the weighted average number of shares outstanding for the year ended December 31, 2023. Weighted average number of common shares
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