Tomba corporation had 582000 shares of common stock, Ask an Expert

Accounting

Tomba Corporation had 582,000 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 45,600 shares.

(a) Compute the weighted-average number of shares outstanding if the 45,600 shares were issued for cash.

Weighted-average number of shares outstanding $

(b) Compute the weighted-average number of shares outstanding if the 45,600 shares were issued in a stock dividend.

Weighted-average number of shares outstanding $

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91975158

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