(Answered) Wildhorse corporation hadnbsp297000nbspshares of common

Management Studies

Wildhorse Corporation had 297,000 shares of common stock outstanding on January 1, 2017. On May 1, Wildhorse issued 32,400 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash.

Weighted-average number of shares outstanding?

(b) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued in a stock dividend.

Weighted-average number of shares outstanding?

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