Tomba corporation had 493800 shares of common stock, Ask an Expert

Finance

Tomba Corporation had 493,800 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 48,900 shares.

(a) Compute the weighted-average number of shares outstanding if the 48,900 shares were issued for cash.

Weighted-average number of shares outstanding $

(b) Compute the weighted-average number of shares outstanding if the 48,900 shares were issued in a stock dividend.

Weighted-average number of shares outstanding $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92831720

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