Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2010. On May 1, Tomba issued 30,000 shares.
(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.
(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.


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