Tomba corporation had 571800 shares of common stock, Ask an Expert

Accounting

Tomba Corporation had 571,800 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 32,100 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued for cash.

Weighted-average number of shares outstanding $

(b) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued in a stock dividend.

Weighted-average number of shares outstanding $

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640000

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